Oklahoma holds steady in rig activity while US count saw its first gain in weeks

 

The nation’s oil and gas rig count reversed itself in the past week, growing by one to reach 632, according to the latest report released Friday by Baker Hughes Co.

It was the first gain in rig activity in the past several weeks.

Oklahoma held steady with a count of 39 rigs, compared to 64 a year earlier.

Nationally, the growth of one oil rig made the oil rig count at 513 while the gas rig numbers declined by one to 113. The current U.S. count is still 127 fewer than a year ago when the nation had 759 rigs, according to Baker Hughes Co. The decline in the past year included a loss of 78 oil rigs and 53 gas rigs.

Texas added four rigs to reach 310 while New Mexico experienced a loss of 3 rigs, leaving 104 active in the state. North Dakota also suffered a decline of 3 rigs to 30. Louisiana continued with 42 rigs while Colorado was unchanged at 15.

The Red Top Rig Report showed Kansas with a drop of two rigs, resulting in 36 still active in the state. Ohio stayed at 10 rigs and Pennsylvania saw no change and continued with 21 rigs.

West Virginia’s count declined by one to 8 rigs while Wyoming was unchanged with 20 rigs.

Activity in the Permian Basin grew by one to reach a total of 320 rigs while the nation’s second most active oil and gas play, the Eagle Ford in South Texas, experienced a loss of one to 49 rigs.

The Williston in the Dakotas and Montana dropped one leaving 32 rigs. The Haynesville was unchanged at 41 rigs while the Marcellus count fell one to 29.

The Ardmore Woodford was unchanged with only one rig and the Arkoma Woodford experienced another week with no reported drilling activity, based on the Baker Hughes report. The Cana Woodford continued with 17 rigs while the Barnett had another week with no reported drilling activity.

The D-J Niobrara count dropped one, leaving 14 active in the state. The Granite Wash stayed with its count of 2 rigs while the Mississippi had another week with no reported drilling activity. The Utica count continued with 10 rigs.