Nation’s oil and gas rig numbers plunge again as more rigs are in storage

 

While Oklahoma’s number of active oil and gas rigs remained steady over the past week, the nation’s count took another big drop. Baker Hughes Co. released its weekly rig count on Friday showing a decline of 8 rigs to a level of 605.

The decline nationally included a loss of 7 oil rigs, leaving 499 while the number of gas rigs fell three to 102. Over the past year,, the U.S. rig count has fallen 143 compared to 748 rigs reported a year ago. The decline included the loss of 89 oil rigs and 55 gas rigs.

Oklahoma’s count was unchanged at 45 rigs, still below the 54 rigs reported a year ago, according to the Baker Hughes report.

The count in Texas fell 5 to 292 while New Mexico added one to reach a total of 108 rigs. North Dakota remained at 32 rigs while Louisiana’s total inceased two to 38.

The Red Top Rig Report showed Kansas gained one  to reach 31 rigs while Colorado was unchanged at 14 and Ohio stayed at 11 rigs. Pennsylvania saw no change with its 21 active rigs and Utah’s count fell one to 11 rigs. West Virginia was unchanged at 8 rigs and Wyoming continued with its count of 11 active rigs.

The Permian Basin, which exists in west Texas and southeast New Mexico is down one to 3416 rigs. The Williston remained at 34 rigs and the count in the Eagle Ford of south Texas fell three to 52 rigs.

The Haynesville was unchanged at 34 and the Marcellus remained at 29.

The Ardmore Woodford added two rigs to reach a total of 3 while the Arkoma Woodford remained at one rigs. The Cana Woodford total fell one to 21 rigs and the Barnett play continued with no drilling activity, based on the Baker Hughes report.

The D-J Basin remained at 10 rigs and the Granite Wash added one to reach 6 rigs. The Mississippian stayed at one rig and the Utica was unchanged with 11.