For the 11th consecutive week, the nation’s number of active oil and gas drilling rigs declined in the past week, reaching the lowest total since October 2021.
The U.S. rig count fell by two to 537, reported Baker Hughes Co. on Friday. The decline included one oil rig, leaving 424 in service while the number of gas rigs was unchanged at 108 and miscellaneous rigs fell one to 5. The U.S. count, compared to a year ago, is 47 down from 584 for a decline of 8%. The decline in the past year included 54 oil rigs but a gain of 8 gas rigs and a drop of one rig classified as miscellaneous.
Oklahoma’s count slipped one, leaving 42 active in the various plays across the state. A year ago, the count was 34.
Texas saw a decline of one to 255 rigs while New Mexico remained at 90 and North Dakota was unchanged at 29 rigs. Louisiana continued with a count of 31.
Colorado remained at 8 while Kansas, according to the Red Top Rig Report, added one to reach a total of 13 rigs. Wyoming stayed at 17 and West Virginia remained at 7 rigs.
The count in Alaska was unchanged at 10 rigs. California remained at 6 and Ohio saw no change with its count of 11 rigs. Pennsylvania’s total of 17 was unchanged and Utah stayed at 9 rigs.