Oil and gas rig numbers grew again in past week in U.S.


A weekly update by data providing Enverus showed another increase in the number of active oil and gas rigs in the U.S.

The firm based in Austin, Texas reported the number rose by 10 in the past week to reach 367. The number increased by 46 over the past month but is still down 451 or 55% from one year earlier.

Small gains were reported including the Anadarko Basin where the count grew by one to 18. The Gulf Coast added two rigs to 42 while the Appalachia saw an increase of one to reach 33 in the past week.

The Permian Basin has been one of the leading areas of increased drilling in the past month where, combined with the Gulf Coast, there has been a 74% increase. Enverus showed the Permian Basin added 23 rigs with 13 more in the Midland Basin and 10 in the Delaware Basin.

Midland Basin operator Endeavor added three active rigs in the last month, bringing its total to five. The company went from an average of 10 rigs in March to a low of one in June and July before beginning to gradually ramp back up in the last days of July.

EOG Resources added two rigs in the last month and is now running nine in the Delaware Basin. The company has tripled its Permian drilling activity compared to its June average, but is still down 50% compared to its 2020 high.

Mewbourne Oil has added two rigs in the last month, bringing its total to six in the Midland Basin and returning to an activity level not seen since April.

Occidental added two Permian rigs in the last month and is now running five. After running two rigs for three months, Parsley Energy has added two more. Both Parsley and Oxy have rigs in both the Midland and Delaware basins.

Source: Enverus