US Drillers Drop 11 Rigs
The U.S. saw yet another week of rig declines, shedding 11 oil rigs, according to weekly data from Baker Hughes, a GE Company.
This follows last week’s loss of a total of 19 oil and gas rigs.
The number of current active rigs for the U.S. is now 904, which is 144 fewer than the count 1,048 a year ago.
Several states lost rigs this week. They are:
New Mexico (-1)
North Dakota and Alaska added three rigs and one rig, respectively.
Among the major basins, the Permian led for the second consecutive week with a loss of five rigs. However, at 429 active rigs, the Permian still accounts for almost half of the nation’s total.
The following basins also shed rigs this week:
Ardmore Woodford (-1)
Granite Wash (-1)
The Williston and Arkoma Woodford added three rigs and one rig, respectively.
To contact the author, email Valerie.Jones@Rigzone.com
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