Rig Count Falls by Three in U.S., One in Oklahoma

The latest oil and gas rig count revealed another week of declines for Oklahoma and the U.S., according to Houston-based Baker Hughes Company.

The nation’s rig count dropped by three to reach 946, up from a year ago when it had 491 working rigs. Oklahoma’s count fell by one in the past week to reach 131 compared to the 62 active rigs from a year ago.

Canada’s rig count fell by six in the past week, reaching 214. Canada had 121 working rigs a year ago.
While Oklahoma’s rig count is down, Texas had no growth while maintaining 459 rigs. The Lone Star State had 238 working rigs one year ago. New Mexico added one rig to reach 62 rigs compared to the 30 rigs reported a year ago. North Dakota lost two rigs to reach 51 while Louisiana also slipped by one to hit 65 active rigs this week. According to data from the Red Top Rig Report, Kansas added two new rigs for a total of 36.

Of the various oil plays, the Cana Woodford added four new rigs for 67 and the Ardmore Woodford also gained one for a total of 2 rigs. The Williston play lost two for a new total of 51 active rigs. The Mississippian lost two active rigs, with only five rigs remaining in the play. The Granite Wash play also lost one for a new total of 14 active rigs.