Oil and gas rig numbers continue to slip

The oil and gas rig count in Oklahoma dropped again in the past week while the national count did the same. Oklahoma’s count slipped by 2 to 93 working rigs compared to 137 rigs reported a year ago.

Nationally, the count dropped 8 to reach 946. The oil rig count is down 3 to 776 while the number of gas rigs fell by 5 to 169. The U.S. rig count is down 102 from the 1,048 working rigs reported one year ago. The oil rig count is down 85 while the number of gas rigs compared to last year is down 17.
Oklahoma’s current week count of 93 compares to 454 in Texas which was the same number as a week ago. Colorado added one to reach 32. The Red Top Rig Report indicated the count in Kansas grew by 3 to reach 36 compared to 47 last year at this time.

New Mexico’s count grew by 2 to reach 109 while North Dakota fell by 8 to 48. Wyoming added 4 rigs to reach 36.

Of the oil plays, the Granite Wash stayed at 4 working rigs and the Mississippian remained at two rigs. The D-J Basin in Northern Colorado and Southern Wyoming added 2 to reach 29. The Eagle Ford in South Texas dropped one to 66.

The Permian Basin added 3 rigs to reach 443. The Williston dropped 8 to reach 47 compared to 57 recorded one year ago.