Oklahoma’s drilling activity takes a hit—more rigs sent to storage

 

Oklahoma’s oil and gas drilling efforts suffered a big loss of four rigs over the past week as the state had only 38 rigs active in the patch, according to the latest rig information released Friday by Baker Hughes Co.

The 38 active rigs compares to 44 reported in the state a year ago and also in recent weeks. Oklahoma’s loss of four rigs added to most of the nationwide decline reported over the past week.

The drop in rig activity added to a decline reported nationwide as Baker Hughes cited a 6-rig loss, leaving 594 active rigs in the U.S. The decline included a loss of four oil rigs, leaving 492 active and the drop of two gas rigs to 98.

The U.S. count in the past week is 101 fewer than the 695 reported a year ago. Over the past 12 months, the rig count decline included 64 oil righs and 37 gas rigs.

Texas still leads the country with 287 rigs, unchanged from a week earlier. New Mexico remained at 107 and North Dakota stayed at 32 rigs. The count in Louisiana dropped by one to 41 rigs.

According to the Red Top Rig Report, Kansas added two rigs to reach a total of 32. Colorado remained at 14 and Ohio saw no change with a count of 10 rigs. Pennsylvania slipped by one to 21 rigs. Utah was unchanged at 12 and West Virginia lost one rig, leaving 5. Wyoming remained at 11 rigs.

The major oil and gas basins rig activity included an unchanged 310 in the Permian while the Eagle Ford stayed at 51 and the Haynesville remained at 36. The Williston also saw no change with its count of 34. The Marcellus count fell two to 25 rigs.

The Ardmore Woodford count dropped by one to 6 rigs and the Arkoma Woodford was unchanged with only one rig. The Cana Woodford also continued with 17 rigs. The Barnett play continued with no reported drilling activity, based on the Baker Hughes report.

The D-J Basin was unchanged with 10 rigs and the Granite Wash continued with only four. The Mississippian, again according to Baker Hughes, had no reported drilling activity for another consecutive week.

The Utica play saw no change with 10 rigs.