Oil and gas rig numbers slide again in Oklahoma and the U.S.

The Great Shale Fracking Slowdown Has Arrived



Oil and gas drilling activity continued its decline in the past week, both in Oklahoma and across the U.S. resulting more drilling units placed in storage.

Oklahoma’s count fell by two to 35 rigs, according to the Baker Hughes rig count released on Friday. A year ago, the state recorded 42 active rigs.

Nationally, the count slipped by two to 588 including the decline of three oil rigs to 485, gas rigs unchanged at 98 and miscellaneous up one to 5.

Compared to a year ago, the U.S. count is down 94 rigs from 682 including a drop of 61 oil rigs and 32 gas rigs.

Texas saw a decline of three to 282 rigs while New Mexico was unchanged at 108 and North Dakota’s count gained two to reach 34.

The Red Top Rig Report showed Kansas lost four rigs in the past week reaching 28 while Colorado was unchanged at 14. Louisiana added one to reach 40 rigs while Ohio stayed at 10 and Pennsylvania was unchanged at 21.

Utah continued with 12 rigs and West Virginia saw no change with a count of 5 rigs. Wyoming stayed at 11.

The Permian Basin remained tops of the oil and gas plays with 308 rigs, a decline of one. The Permian includes rigs in West Texas and southeastern New Mexico.

The Williston gained one to reach 35 rigs while the Eagle Ford count slipped one to 50. The Haynesville gained one to reach 36 while the Marcellus was unchanged at 25.

The Ardmore Woodford count fell by one to 5 rigs and the Arkoma saw no change with one active rig. The Cana Woodford added a rig to hit 17. The Barnett play remained without any reported drilling activity, based on the Baker Hughes report.

The D-J Basin stayed at 10 and the Granite Wash continued with three rigs. The Mississippian continued another week with no reported drilling activity. The Utica stayed at 10 rigs.