US oil rig count fell below 500 in the past week


The nation’s oil rig count slipped below 500 in the past week, according to figures released Friday by Baker Hughes Co.

The count fell by 2, leaving 499 rigs actively drilling for oil. Overall, the nation’s oil and gas rig count dropped by 2 to 619, including the decline by one of gas rigs, leaving 117 in the field.

The national count is 156 fewer than a year ago when the U.S. had 775 rigs active. The decline included 124 oil rigs and 33 gas rigs.

Oklahoma’s count dropped by one, leaving 43 in the field. A year earlier, the state hahd 64 oil and gas rigs.

Texas was unchanged with a total of 308 rigs while New Mexico stayed at 97 and North Dakota gained two rigs to reach 33. Louisiana saw no change with its count of 42 and Colorado’s numbers fell by one to 16 rigs. The Red Top Rig Report showed Kansas added one rig to reach a total of 38.

Ohio increased its count by one to 13 but Pennsylvania was unchanged at 19. West Virginia’s count dropped one to 18 and in Wyoming, the rig numbers declined by two, leaving only 10 rigs in the state.

The Permian Basin saw its total slip by two to 309 while the Eagle Ford added two to reach 55 rigs, according to Baker Hughes. The Ardmore Woodford was unchanged at two rigs and the Arkoma Woodford stayed at one rig. The Cana Woodford total fell one to 21. The Barnett continued with one rig.

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The DJ Basin numbers fell two to a dozen rigs and the Granite Wash remained at two. The Marcellus count declined by one to 27 rigs while the Haynesville was unchanged at 43 rigs. The Mississippian remained at one rig and the Utica added a rig to climb to 13. The Williston Basin saw its count increase by two to 34.