Rig counts across the U.S. fell again in the past week including Oklahoma where the count totaled 108, one less than a week ago. It’s a sign that more drillers are temporarily stacking some of their rigs as they await renewed oil prices.
A year ago, Oklahoma’s number of oil and gas rigs stood at 121. Nationally, the count tumbled by 10 to 1,006 active rigs, still 13 more than a year ago when the count was 993.
In the past week the loss include 8 oil rigs, falling to 816 while the number of gas rigs was down two to 190.
The Granite Wash in Oklahoma and the Texas Panhandle grew by two to 8 while the Mississippian dropped one to four. The Woodfords stayed at 8 working rigs.
The D-J Niobrara in Colorado and southern Wyoming dropped by two to 29. The Eagle Ford fell by four to 78 while the Permian Basin dropped 5 to reach 454. The Barnett Shale in north Texas reported one rig, same as a week ago.
Oklahoma’s count compared to Texas where the count fell by six to 491. New Mexico remained at 104. North Dakota added 3 to reach 60 and Wyoming remained at 36.
Kansas had 28 active rigs in the past week, two less than a week ago according to the Red Top Rig Report.
