US Adds Seven Oil Rigs

After a week of a net loss of 14 rigs, the United States added seven oil rigs this week while dropping three gas rigs, according to weekly data from Baker Hughes, a GE Company.
This is just the second week in 2019 that the country has had a net increase in the rig count.
Both this week’s oil (854) and gas (195) rig counts are higher than they were one year ago, which was 791 and 184, respectively.
Alaska and California added four rigs apiece and Wyoming added one. Texas saw the most declines as it shed three rigs, while Oklahoma and New Mexico dropped two rigs and one rig, respectively.
Among the major basins, three rigs were lost in the Permian and the Cana Woodford shed two rigs. Aside from those losses – and the gains in both the Ardmore Woodford (two) and Eagle Ford (one) – all major basins’ rig counts remained flat this week.
The nation’s overall rig count totals 1,049 this week, up from 975 one year ago.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ADNOC Announces 650MM Barrel Oil Find
- Finland Loses Main Gas Supply
- Brent-WTI Oil Price Spread Inverts
- 6 Power Generating Facilities in Texas Just Tripped
- Privateers Push Permian Delaware Output To Record Heights In 2022
- BlackRock Told Texas It Will Still Invest In Oil And Gas
- Gasoline Price Records Mount
- Hess Makes 100 Best Corporate Citizens List
- Vattenfall Gets Funds For First-Ever Hydrogen Producing Wind Turbine
- China Spent Over $6B on Russian Energy Imports in April
- Russian Oil Producers Start Using Tankers the World Did Not Want
- ADNOC Announces 650MM Barrel Oil Find
- Finland Loses Main Gas Supply
- Brent-WTI Oil Price Spread Inverts
- USA Oil and Gas Employment Set to Rebound
- China in Talks With Russia to Buy Oil for Reserves
- USA Lease Sale Cancellation Leaves Industry in Limbo
- First-Ever 8th Generation Drillship Named In Singapore
- 6 Power Generating Facilities in Texas Just Tripped
- USA Gasoline Price Hits Another Record
- Russian Oil Producers Start Using Tankers the World Did Not Want
- ADNOC Announces 650MM Barrel Oil Find
- Finland Loses Main Gas Supply
- Ban on Excessive Gasoline Prices Heading for Vote
- Oil and Gas Discovery Confirmed at Hamlet
- This Is Where the Oil Price Would Be Without the War
- Top Headlines: Be Prepared to Pay More at the Pump from June
- Gas Prices Could Rocket in the Near Term
- Exxon Does It Again - Three More Discoveries Offshore Guyana
- Top Headlines: Gas Prices Could Rocket in Near Term and More