U.S. rig count dropped while Oklahoma was unchanged

As oil prices boom, Oklahoma producers show restraint | The Journal Record

 

The nation’s rig numbers slipped in the past week while in Oklahoma, drilling activity held its own, remaining at 60 rigs breaking the horizon.

Baker Hughes Co. reported on Friday the national rig count slipped by 3 to 750. The number of oil rigs dropped by one to 595 while the number of gas rigs was down four to 153. Still, the U.S. rig count is 275 higher than a year ago when it was 475.

Over the past year, the oil rig count jumped 219 while the number of gas rigs grew by 54.

Oklahoma’s count was unchanged in the past week, leaving 60 active oil and gas rigs in the state compared to 27 one year ago. Texas saw a decline of two to 360 rigs, far more than the 222 rigs reported last year at this time.

New Mexico saw a gain of one to 112 rigs while North Dakota, the nation’s third highest oil-producing state saw no change at 35 rigs. Louisiana added one to reach 64 rigs.

The Red Top Rig Report showed the Kansas rig count increased by one to reach 56 rigs. Colorado stayed at 19. Ohio slipped one to eleven rigs and Pennsylvania saw a decline of one to 24 rigs. West Virginia and Wyoming were unchanged…West Virginia at 14 and Wyoming at 19.

The Permian Basin saw no change in its rig activity, according to Baker Hughes. The count stayed at 349 rigs. The Williston continued with 38 rigs while the Haynesville was unchanged at 69.

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The Ardmore Woodford added one to reach four rigs while the Arkoma Woodford grew by one to hit five working rigs. The activity in the Cana Woodford fell by five to 27 rigs.

The Barnett stayed at four rigs while the D-J Basin continued with 16 rigs. The Eagle Ford of South Texas saw a decline of four leaving 68 working rigs. The Granite Wash stayed at two rigs and the Marcellus activity slipped by one to 38 rigs.

The Mississippian was unchanged at one rig and the Utica saw a drop of one rig to eleven.