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:

Texas (-5)
Oklahoma (-2)
Colorado (-1)
Kansas (-1)
Louisiana (-1)
New Mexico (-1)
Pennsylvania (-1)
Utah (-1)
Wyoming (-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:

DJ-Niobrara (-2)
Ardmore Woodford (-1)
Granite Wash (-1)
Haynesville (-1)
Marcellus (-1)

The Williston and Arkoma Woodford added three rigs and one rig, respectively.

To contact the author, email Valerie.Jones@Rigzone.com