Rig Count: U.S. Loses Four and Oklahoma Drops by Two

The latest weekly oil and gas rig count revealed declines in the nation and Oklahoma, according to Houston-based Baker Hughes Company.

The nation’s rig count dropped by four to reach 954, down from a year ago when it had 464 working rigs. Oklahoma’s count fell by two in the past week to reach 132 compared to the 61 active rigs from a year ago.

Canada’s rig count fell by 3 in the past week, reaching 217. Canada had 122 working rigs a year ago.
While Oklahoma’s rig count is down, Texas added four new rigs for a total of 466. The Lone Star State had 217 working rigs one year ago. Louisiana dropped by five to reach 67 rigs compared to the 42 rigs reported a year ago. New Mexico lost a rig to reach 60 while North Dakota also slipped by one to hit 53 active rigs this week. According to data from the Red Top Rig Report, Kansas lost six rigs for a total of 30.

Of the various oil plays, the Eagle Ford in south Texas added two rigs, reaching 78. The DJ-Niobrara in Colorado gained one to hit 30, the Arkoma Woodford added one new rig for 10 and the Mississippian also gained one for a total of 7 rigs. Cana Woodford lost three active rigs, with 60 rigs remaining in the play. The Williston play also lost one for a new total of 53 active rigs.