Oklahoma rig count falls while national numbers increase

Calculated risk pays off for Oklahoma oil company H&P

 

The number of oil and gas rigs active in Oklahoma slipped by one in the past week, resting at 30 while nationally, the rig count jumped by 9 to reach 500 according to the latest report from Baker Hughes Co.

Oklahoma’s current count of 30 compares to 11 a year ago. Nationwide, the number of oil rigs increased by 10 to 397 compared to last year at this time while the gas rig count declined by one to 102.

The nation’s rig count is 256 higher from the 244 rigs reported last year at this time including 255 more oil rigs and 32 more gas rigs.

Texas is still the leader with an increase of 3 to a current count of 232 rigs. Colorado remained at 11 rigs over the past week while Louisiana saw a decline of one to 47 rigs.

New Mexico added four rigs to reach 79 and North Dakota’s count increased by two to 21 working rigs. Ohio stayed at 11. Pennsylvania stayed at 19 and West Virginia was unchanged at 10 working rigs.

Wyoming’s numbers continued at 16 rigs. The Red Top Rig Report published by the Independent Oil and Gas Service in Wichita reported the Kansas rig count dropped by two to 32.

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The Permian Basin rig count grew by two to 245 while the Williston added four to 23 rigs. The Ardmore Woodford stayed at three and the Arkoma Woodford continued with one rig.

The D-J Basin was unchanged at 12 while the Eagle Ford added four to reach 36 working rigs. The Granite Wash in Western Oklahoma was unchanged at four rigs.

The Haynesville count slipped by one to 46. The Marcellus was unchanged at 29. The Utica stayed at 11 rigs.

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