US Drops Five Oil Rigs
The U.S. idled five oil rigs and added two gas rigs for a net loss of three rigs this week, according to data from Baker Hughes Company.
This week’s variations bring the nation’s total number of active rigs to 799, which is 276 fewer rigs than the count of 1,075 one year ago.
Texas led all states in declines, dropping five rigs this week. Louisiana and Oklahoma shed one rig apiece.
North Dakota and Pennsylvania were the only states to add rigs, tacking on one each.
Among the major basins, the Permian idled five rigs this week. This brings the Permian’s number of active rigs to 400, which accounts for more than half of the nation’s total.
The Cana Woodford and the Haynesville each shed two rigs.
The Granite Wash, Marcellus and Williston each added one rig this week.
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