The nation’s rig count is closer to leveling off in the past week with a decline of only one to 695 oil and gas rigs while Oklahoma added one to reach 44 rigs.
Baker Hughes on Friday reported Oklahoma’s count compared to 59 a year ago.
The U.S. count included an addition of one oil rig to reach 556 while the gas rig count fell by two to 135. Over the past year, the national count is 38 fewer than a year ago when there was a total of 733. The decline in the past 12 months included a drop of 24 oil rigs and 16 gas rigs.
Texas saw its count drop by 6 to 347 while New Mexico added one rig to reach 108. North Dakota, the nation’s third largest oil producer, was unchanged at 36 rigs. Louisiana’s count grew by one to 53. Colorado dropped one rig to 16.
The Red Top Rig Report showed Kansas added 4 to reach 42 rigs. Ohio stayed at 10 and Pennsylvania continued with 24 rigs. West Virginia saw no change from its 15 rigs and Wyoming added two to reach 17.
The Permian Basin numbers fell two to 346 active oil and gas rigs. The Williston stayed at 36 and the Eagle Ford was unchanged at 58 rigs.
The Haynesville count slipped by one to 51 rigs. The Ardmore Woodford, according to Baker Hughes, had no active rigs and continued again with a zero count. The Arkoma Woodford remained at one rig while the Cana Woodford added two to reach a count of 23.
The D-J Basin was unchanged at 14 and the Granite Wash saw no change with its count of 3 rigs. The Marcellus stayed at 38 and the Mississippian continued with only one rig. The Utica stayed at 10 rigs.