Rig count slips nationally—holds steady in Oklahoma

The latest oil and gas rig figures from Baker Hughes show the U.S. count dropped slightly in the past week while the number of rigs in Oklahoma remained steady.

The national count dropped by two to 794. A breakdown showed the number of oil rigs rose by three to 676 while the number of gas rigs declined by 5 to 115. The U.S. count is still 265 fewer than a year ago when there was a total of 1,059 oil and gas rigs.

Oklahoma’s count this past week was unchanged from 53 but was nearly two and a half times less than the 126 rigs the state had a year ago. Texas reported a drop of four rigs with 397 while New Mexico added four to reach 109 rigs.

Colorado remained at 21 and Louisiana stayed at 54. The Red Top Rig Report by the Independent Oil and Gas Service in Wichita reported the Kansas rig count grew by six to reach 29. North Dakota’s count stayed at 52 while Wyoming dropped two rigs to reach 23.

Oklahoma’s Ardmore Woodford play stayed at three rigs and the Arkoma Woodford remained at two working rigs. The Granite Wash in western Oklahoma and the Texas Panhandle continued for another week with no working rigs.

The Mississippian in northern Oklahoma and southern Kansas remained at only two rigs. The Eagle Ford in South Texas continued at 69 rigs while the D-J Basin in Colorado stayed at 19 rigs. The Permian Basin added two to reach 405 while the Williston stayed at 53 working rigs.