The number of active oil and gas rigs in Oklahoma increased by one in the past week, increasing to 14 and going hand-in-hand with the nation’s count which also gained in numbers. It shows the oil and gas industry continues struggling with the impact of the coronavirus pandemic.
Baker Hughes on Friday reported total numbers, showing Oklahoma’s count compared to 52 rigs one year ago.
Nationally, the numbers grew by 12 to 312 with the number of oil-drilling rigs increasing by 10 to 236 and the number of gas rigs going up by two to 73. Still, the U.S. numbers remain 494 below the 806 rigs reported a year earlier.
The numbers are still dramatically lower whether they are oil rigs or gas rigs. The number of oil rigs is down 438 from a year ago while the gas rigs are down 56.
In the past week, offshore drilling rigs grew by one to reach 13.
Oklahoma’s 14 rigs compares to the 145 in Texas where the count increased by six in the past week, at least 263 fewer than a year ago. But it’s clear the number of oil and gas rigs stacked in storage have changed little in the past several months since the onslaught of the COVID-19 pandemic.
Colorado remained at four rigs while the Red Top Rig Report published by the Independent Oil and Gas Service in Wichita reported the Kansas rig count was unchanged this week at 18.
Louisiana added one rig to reach 38 while in New Mexico, the count increased by three to reach 53. North Dakota was unchanged at 11 rigs. West Virginia stayed at 7 and Wyoming continued with only three rigs. Pennsylvania saw a gain of two to reach 20 rigs.
Oklahoma’s Arkoma Woodford and Ardmore Woodford, according to the Baker Hughes report still do not have any active rigs.
Colorado’s D-J Basin was at three rigs while the Eagle Ford of South Texas saw an increase of one to 20 rigs. The Haynesville was unchanged at 37 rigs while the Marcellus added two to hit 27 rigs.
Oklahoma’s Mississippian play had no active rigs, again based on the Baker Hughes report.
The Permian in Texas and New Mexico saw an increase of 7 rigs to reach 154 compared to the 408 reported a year earlier.
The Williston in North Dakota and Montana was unchanged at 12 rigs.