Rig Count Grew in Oklahoma in the past week

The number of oil and gas  rigs increased in both Oklahoma and the nation over the past week, reaching 142 in the state and 1,060 in the U.S.

Information from Baker Hughes Co. and the Independent Oil and Gas Association based in Wichita, Kansas showed the nation’s rig count went up by one. Oklahoma’s rig count increased by 2.

Nationwide in the past week, the number of oil rigs increased by 2 to reach 861 while the gas rig count slipped by one to 197. But over the past year, the number of oil rig counts grew by 144 including 128 more oil rigs and 15 gas rigs.

The count in Texas grew by one to reach 535. North Dakota’s count fell by one to reach 55 while the count in New Mexico slipped one to reach 90. Louisiana’s count dropped by two to reach 58 while Colorado added one to hit 32.

The count in Kansas slipped by 2 to reach 34. But the Red Top Rig Report issued by the Independent Oil and Gas Association reported 31 new drilling permits were issued in the past week, reach 655 over the past year. That’s an increase of 5.5%.

Still the King of Drilling, the Permian Basin in Texas and New Mexico dropped one rig to reach 477.  The Mississippian added one to hit 6 while the Granite Wash remained at 14 and the Woodfords stayed at 12. The D-J D Niobrara in northern Colorado added one rig to reach 26.