Oklahoma Rig Count is Up while National Count is Down

While Oklahoma added one rig to its most recent rig count in the past week, the nation’s count fell and whether it’s in response to the growing crude oil glut is unknown.

But Oklahoma’s count grew to 121 while the nation’s oil and gas drilling rig count fell by 2 to 993.  In the past week, there were 7 fewer oil rigs, reaching a level of 797.  The number of gas rigs increased 4 to hit 194.  The national count is still 169 more than the 824 rigs reported one year ago at this time.

In  Canada, where oil producers cannot find enough locomotives to move their crude, the number of drilling rigs plunged by 27 to hit 134.

Oklahoma’s count compares to Texas where there was a loss of 3 rigs to 496. Colorado remained at 31. Kansas stayed at 41. New Mexico’s count slipped by one to 87. In North Dakota, the count was steady at 53. Louisiana added a rig to reach 58.

Of the oil plays, the Granite Wash in Oklahoma and Texas Panhandle dropped by one to 12. The Mississippian remained at three while the Permian Basin dropped one rig to hit 443. The Eagle Ford in  south Texas remained at 72 while the Woodfords in Oklahoma were steady at 8. Colorado’s D-J Niobrara remained at 24.

The numbers were supplied by Baker Hughes Co. of Houston and the Red Top Rig Report of Wichita, Kansas.