US Drillers Drop Two Rigs

US Drillers Drop Two Rigs
The nation dropped two oil rigs this week, while the gas rig count remained flat.

The U.S. dropped two oil rigs this week, according to weekly data from Baker Hughes, a GE Company.

The gas rig count remained flat this week, making the nation’s overall total rig count 988. This is 57 fewer rigs than one year ago when the rig count was 1,045.

New Mexico led all states in rig declines, posting a loss of four this week. Wyoming dropped two rigs while Louisiana and North Dakota dropped one rig apiece.

California added three rigs this week, while Oklahoma added two and Pennsylvania and Texas added one rig apiece.

Among the major basins, the Marcellus and the Cana Woodford saw an increase of two rigs and one rig, respectively.

The Permian Basin lost two rigs this week, bringing the number of active rigs in that basin to 457. The Permian currently accounts for more than half of the nation’s total rig count.

The DJ-Niobrara, Utica and Williston all dropped one rig apiece.


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