US Drillers Drop 11 Rigs



US Drillers Drop 11 Rigs
The U.S. dropped 11 oil rigs this week.

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



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