US Drops Eleven Oil, Gas Rigs
For the fifth week in a row, the U.S. has seen its rig count decline.
The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company.
This brings the nation’s total number of active rigs to 806, which is 276 rigs shy of the count of 1,082 one year ago.
Texas led all states this week in losses, shedding five rigs. The following states also idled rigs this week:
- Louisiana (-2)
- West Virginia (-2)
- Wyoming (-2)
- Colorado (-1)
- North Dakota (-1)
- Pennsylvania (-1)
- Utah (-1)
Ohio added two rigs this week, while New Mexico and Oklahoma tacked on a rig apiece.
Among the major basins, the Permian shed four rigs this week, the Marcellus lost three and Ardmore Woodford, Cana Woodford, DJ-Niobrara and Williston shed one rig each.
The Utica added two rigs while the Mississippian added one rig.
Currently, the Permian has 408 active rigs, more than half of the nation’s total.
To contact the author, email Valerie.Jones@Rigzone.com
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