US Has Net Loss of One Rig
The U.S. dropped three oil rigs and added two gas rigs for a net loss of one rig this week, according to weekly data from Baker Hughes, a GE Company.
This week’s drop in oil rigs follows a decline of two oil rigs last week.
This week’s declines brings the nation’s overall total rig count to 987, which is 59 less than the count one year ago at 1,046.
Ohio saw the most rig additions at four, while Wyoming added three rigs, Louisiana added two and New Mexico added one.
The following states saw declines:
- Pennsylvania (3)
- Texas (3)
- Alaska (2)
- Oklahoma (2)
- West Virginia (1)
Among the major basins, the Permian and Marcellus each dropped three rigs apiece, while the Haynesville dropped two and the Granite Wash dropped one.
The Utica added three rigs, while both the Cana Woodford and DJ-Niobrara added one rig each.
Currently at 454 active rigs, the Permian still accounts for almost half of the nation’s total rig count.
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