US Loses Another Dozen Oil, Gas Rigs

The U.S. rig count has declined for another week as the nation drops 12 rigs, according to weekly data from Baker Hughes.

The U.S. shed five oil rigs and seven gas rigs this week, bringing the nation’s total number of active rigs to 886. This is 169 fewer than the count of 1,055 one year ago.

Texas dropped the most rigs, at eight. The following states also lost rigs this week:

• West Virginia (-3)
• Louisiana (-2)
• Alaska (-1)
• California (-1)
• Colorado (-1)
• Ohio (-1)

Pennsylvania added two rigs, while North Dakota and Oklahoma tacked on one rig apiece.

The Permian led all declines this week among the major basins, shedding eight rigs. This brings the Permian’s rig count to 419, which accounts for nearly half of the nation’s active rigs.

The Cana Woodford lost three rigs, the Marcellus lost two rigs and the following basins lost one rig each: DJ-Niobrara, Eagle Ford and Utica.

The Barnett added three rigs, while the Haynesville and Williston added one rig apiece.

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