More oil and gas rigs put into storage as rig counts slide

The past week was one of some states holding steady while others reported continued losses of the number of oil and gas drilling rigs across the U.S., a sign that more and more rigs are being stacked in storage rather then being used to find new energy.

Oklahoma dropped one to reach 100,  compared to the 138 rigs reported a year ago.

Nationally, the count fell by two to 967, down 85 from the 1,052 reported last year at this time. Over the past week, the count included an addition of one oil rig to reach a total of 789 while the number of gas drilling rigs fell by 4 to 177.

The Woodford plays in Oklahoma reported a total of 8 rigs, down one from a week ago. The Granite Wash dropped two to 6 while the number of rigs in the Mississippian play fell one to three active rigs.

The Permian in Texas and New Mexico declined two to 489 while the Williston in North Dakota remained at 56. The Eagle Ford in South Texas was steady at 73 and the D-J Basin in Colorado and Wyoming continued with 28 rigs.

Only Kansas saw an increase in the number of rigs—a gain of three to reach 26 rigs, according to the Red Top Rig Report published by the Independent Oil and Gas Association in Wichita, Kansas.

New Mexico reported a decline of one rig to 100 while North Dakota continued at 56 and Texas fell by four to 463. Louisiana continued with 70 rigs while Colorado stayed at 31 and Wyoming also continued with 31 active rigs.