Permian Leads US in Rig Count Decline
The U.S. dropped a net total of five rigs this week, according to weekly data from Baker Hughes, a GE Company.
This brings the nation’s overall rig count to 958 active rigs, which is 96 fewer than the number of rigs one year ago.
Texas led all states with a loss of seven rigs while Alaska and California shed one rig apiece.
Colorado upped its rig count by two while Louisiana and Oklahoma added one rig each.
And despite the bustling shale drilling activity in the Permian, it led all major basins in losses this week, dropping six rigs. This brings the Permian’s active number of rigs to 437. However, the Permian still accounts for almost half of the U.S.’ total number of active rigs.
The Eagle Ford also saw a decline, with a reduction of five rigs.
The Cana Woodford, DJ-Niobrara and Haynesville all added one rig each this week.
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