No letup in Oklahoma’s rig count decline

The slow steady decline of the number of active oil and gas rigs continues in Oklahoma and across the U.S. Oklahoma has nearly 60 fewer rigs than a year ago.

Baker Hughes Co. reports Oklahoma’s count dropped by 2 more in the past week to reach 80 rigs, a far cry from the 139 reported in the state last year at this time.

Nationally, the count fell by 12 to reach 904 rigs making the count 144 fewer than the 1,048 rigs reported last year at this time. In the past week, the number of active oil rigs declined by 12 to 742 while the number of active gas-drilling rigs remained at 162.

Oklahoma’s count of 80 compares to the 441 in Texas where the count dropped by 5. Colorado’s count slipped one to 27 while the Red Top Rig Report in Wichita indicated the rig count for Kansas remained at 30.

New Mexico dropped one to reach 108. North Dakota added 3 to reach 51 working rigs while Wyoming’s count dropped by one to 36.

Activity in Oklahoma’s Woodford basins remained at 7 this week while the Granite Wash count dropped by one to only 3 working rigs. The number of rigs in the Mississippian play remained at 3.

The D-J Basin in Colorado and Wyoming dropped 2 to reach 23. The Eagle Ford in South Texas remained at 67 working rigs. The Permian Basin in West Texas and Southeast New Mexico saw a loss of 5 active rigs to reach 429.

The Williston in North Dakota added 3 to reach 51 active rigs.