US Drillers Add Three Rigs

US Drillers Add Three Rigs
The U.S. added three oil rigs and lost two gas rigs for a net gain of one rig this week.

Following three consecutive weeks of declines, the U.S. added three oil rigs this week. This was offset by a decline of two gas rigs for a net gain of one rig, according to weekly data from Baker Hughes, a GE Company.

This brings the nation’s total rig count to 984 active rigs, which is 76 fewer than the count one year ago at 1,060.

New Mexico added two rigs and Louisiana added one rig. Ohio, Oklahoma, Texas and West Virginia all dropped one rig apiece.

Among the major basins, the Marcellus and the Utica both dropped one rig while the Haynesville and the Permian each added one rig.

The Permian, the red-hot basin which has been seeing record production, currently has 452 active rigs. The Permian alone accounts for almost half of the entire nation’s active rigs.

However, the current Permian rig count is 25 lower than one year ago, when the total was 477.


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