Oil and gas rig counts dropped in Oklahoma and rest of the U.S.

U.S. rig count has biggest drop since 2016


The nation’s oil rig count reported by Baker Hughes Co. plummeted 17 rigs in the past week and Oklahoma followed suit with a decline of 3.

The national count dropped to 731. The number of oil rigs fell by 2 to 586 while the number of gas rigs dropped by 16 to 141. The US count is still 17 more than the 741 reported a year ago. The oil rig count is up 23 while the gas rig count is down 8 from last year at this time.

Oklahoma’s active rig count fell to 51, six fewer than a year ago when there were 57 active oil and gas rigs in the state, reported Baker Hughes Co.

The rig count in Texas declined by two to 366 while New Mexico added one to reach 108. North Dakota’s count declined one to 37 while Louisiana saw a loss of four rigs to 57. The Red Top Rig Report in Kansas said the state’s latest count was 31, three less than a week ago.

Colorado added a rig to reach 20 while Ohio’s count fell one to 10 and Pennsylvania dropped two to 24. West Virginia’s numbers fell one to 15 rigs and Wyoming suffered a loss of four, leaving 14 active rigs.

Baker Hughes: Rig count posts first quarterly decline since 2020

The Permian Basin saw a loss of 3 rigs, leaving 353 while the Eagle Ford declined by two to 62. The Williston count declined by one to 38 while the Haynesville saw a loss of 5 rigs, leaving 57.

The Ardmore Woodford was unchanged at 2 rigs and the Arkoma Woodford saw no  change with its one rig. The Cana Woodford activity slipped by 2 rigs to 24. The Barnett stayed at one rig. The Granite Wash count continued with 2 rigs. The Mississippian stayed at one rig.

The Marcellus count fell by 3 to 39 rigs. The Utica reported a loss of one rig, leaving 10 actively in play.