The nation’s count of oil and gas rigs took another major drop in the past week, falling 11 to a new U.S. level of 720 rigs reported Baker Hughes Co.
The nation’s rig count has fallen 35 since May 6. Baker Hughes reported a decline of 17 rigs last week and 7 on May 6. The drop in the past week involved a decline of 11 oil rigs, leaving 575 across the nation while the number of gas rigs was unchanged at 141.
The U.S. rig count is 8 fewer than a year ago when there were 728 rigs. The the number of oil rigs from last year at this time is one less and the number of gas rigs is down 9.
Oklahoma’s current count of 51 was unchanged from a week ago but the number of oil and gas rigs is also below the 58 rigs reported one year ago.
Texas recorded a drop of 9 rigs to 357 while New Mexico gained one to reach 109. North Dakota was unchanged at 37 rigs while Louisiana’s count slipped by one to 56.
The Red Top Rig Report in Kansas recorded a gain of two to reach 33 rigs. Colorado’s count fell by two to 18 and Pennsylvania saw no change with its count of 24 rigs. West Virginia was unchanged at 15 rigs and Wyoming saw a gain of one to 15 rigs.
The Permian Basin count slipped by four to 349 rigs while the Eagle Ford numbers fell by three to 59. The Haynesville stayed at 57 rigs and the Williston was unchanged at 38 The Marcellus continued with 39 rigs.
The Ardmore Woodford count fell by one, leaving only one rig, according to Baker Hughes. The Arkoma Woodford stayed at one rig and the Cana Woodford continued with 24 rigs.
The Barnett count stayed at two and the D-J Basin fell by one to 15. The Granite Wash saw no change with two rigs and the Mississippian stayed at one. The Utica continued with 10 rigs.