US Drops Eight Oil, Gas Rigs
The U.S. dropped five oil rigs this week and three gas rigs for a net loss of eight rigs, according to weekly data from Baker Hughes, a GE Company.
This week’s declines bring the nation’s total number of active rigs to 946 – down 102 from the count of 1,048 one year ago.
North Dakota saw the most declines this week, dropping eight rigs. Several other states experienced their rig counts drop. They are:
- Louisiana (-4)
- Ohio (-2)
- Oklahoma (-2)
- Alaska (-1)
- West Virginia (-1)
Wyoming added four rigs, while New Mexico added two and California, Colorado, Kansas and Utah each added one rig.
Among the major basins, the Williston led this week in declines with eight rigs. The Marcellus and Utica each dropped two rigs while the Eagle Ford dropped one rig.
The Permian added three rigs. Currently, the Permian has 443 active rigs, which accounts for almost half of the nation’s active rigs.
The DJ-Niobrara added two rigs while the Ardmore Woodford and Arkoma Woodford added one rig apiece.
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Senior Editor | Rigzone