While Continental Resources of Oklahoma has decided to stall its three drilling rigs in North Dakota because of an oversupplied oil market, the nation’s total rig count saw a gain of one, reaching 544 total oil and gas rigs.
Baker Hughes reported Friday that Oklahoma’s count of 43 rigs was the same as the prior week and has remained firm over the past few months.
Nationally, the rig count saw the number of oil rigs grow by one to 411 while the count of gas rigs was unchanged at 122, the miscellaneous total was unchanged at 11 and the offshore rig count declined by one to 15.
Oklahoma’s count of 43 compared to Texas where there was a gain of one to 229 rigs. New Mexico remained at 102 and North Dakota stayed at 26 rigs. Louisiana’s total fell 2 to 37 rigs.
The Red Top Rig Report in Kansas showed the state’s count of 14 was unchanged from a week ago. Colorado’s total increased by 2 to 14. Alaska remained at 9 and California continued with 8 rigs.
Ohio remained at 14 rigs and the count in Pennsylvania was unchanged from 18. The count in Utah fell one to 16 rigs while West Virginia continued with 7 and Wyoming added a rig to reach 16.
The nation’s total of 544 is still 32 below the count of 576 from a year ago. The decline included a loss of 61 oil rigs while the number of gas rigs increased by 23 and miscellaneous rig totals grew by 6.
Baker Hughes also reported the current week’s drilling activity involved 122 gas rigs and 411 oil rigs. The number of horizontal drilling rigs increased by one to 476 and the total in vertical drilling rigs grew by one to 13.