US Drops Three Oil Rigs



US Drops Three Oil Rigs
U.S. drillers dropped three oil rigs this week, while the gas rig count remained flat, according to data from Baker Hughes Company.

U.S. drillers dropped three oil rigs this week, while the gas rig count remained flat, according to data from Baker Hughes Company.

This week’s decline brings the nation’s total rig count to 803, which is 276 fewer rigs than the count of 1,079 a year ago.

Alaska led all states in losses with three rigs, followed by Texas, which shed two rigs, and New Mexico, North Dakota and Pennsylvania, which shed one rig apiece.

Louisiana added two rigs while Colorado added one.

Among the major basins, the Permian idled three rigs this week. The Permian now has 405 active rigs, accounting for just more than half of the nation’s total.

The Cana Woodford and Marcellus also shed one rig each.

The only two basins to gain rigs this week were the Haynesville and the DJ-Niobrara, which tacked on two rigs and one rig, respectively.

To contact the author, email Valerie.Jones@Rigzone.com



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