Oklahoma’s rig count is steady while national numbers decline

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


Oklahoma’s rig count held steady for another week as the latest Baker Hughes report showed the state maintaining a count of 65 working oil and gas rigs.

Baker Hughes reported the national count fell by 5 to 760. The decline included a loss of 9 oil rigs to 596 while the number of gas rigs increased by 4 to 162. The U.S. count is 263 more than the 497 reported a year ago and the increase included 202 oil rigs and 60 gas rigs.

Texas saw a decline of 9 rigs leaving 362 active in the state while New Mexico gained two to 108 and North Dakota saw an increase of two to 39. Louisiana was unchanged at 65 working rigs.

Colorado stayed at 21 rigs while Ohio continued with 11, Pennsylvania saw no change with 23, West Virginia continued with 13 rigs and Wyoming was unchanged at 20 rigs.

Of the oil and gas plays, the Permian had the highest count at 342 with a decline of six rigs. The Eagle Ford added one to reach 71 rigs while the Williston gained two to hit 41 rigs.

Thermal maturity of Woodford Shale gas and oil plays, Oklahoma, USA -  ScienceDirect

The Ardmore Woodford gained one to reach four rigs while the Arkoma Woodford saw an addition of one to hit 7 rigs. The Cana Woodford’s count slipped by one to 21 rigs. The Barnett stayed at three rigs and the D-J Basin was unchanged at 17 rigs.

The Granite Wash stayed at 7 rigs while the Haynesville saw an addition of one to reach 71 working rigs. The Marcellus was unchanged at 35 and the Mississippian stayed at one rig. The Utica was unchanged at 12 rigs.