US Drops Six Oil Rigs

The U.S. rig count declined by a net total of four rigs this week, according to weekly data by Baker Hughes, a GE Company.

The nation offset the loss of six oil rigs with a gain of two gas rigs.

This brings the total number of active rigs in the U.S. to 942, down 102 from the count of 1,044 a year ago.

Oklahoma led all states in declines, with a loss of five rigs. New Mexico and Louisiana dropped two rigs and one rig, respectively.

Alaska added three rigs and Texas added one rig.

Among the major basins, the Haynesville was the only one to add rigs this week, tacking on one additional rig. Meanwhile the Granite Wash lost two rigs while the Cana Woodford and Permian dropped one rig apiece.

The Permian now has 442 active rigs, which still accounts for almost half of the nation’s active rigs.