US Oil, Gas Rig Count Drops by Six

The U.S.’ rig count continues its descent, dropping six oil and gas rigs this week, according to weekly data from Baker Hughes, a GE Company.

The U.S. dropped four oil rigs and two gas rigs, putting the nation’s total number of active rigs at just less than 900 (898). This is 150 fewer rigs than the count of 1,048 one year ago.

Oklahoma led all states in losses, shedding five rigs. Texas dropped two rigs while Alaska dropped one rig. North Dakota was the only state to add rigs this week. It tacked on another three.

Among the major basins, the Cana Woodford saw the most declines this week, dropping three rigs. The Permian lost two rigs and the Mississippian lost one rig.

The Williston was the only basin to add to its rig count with another three rigs.

At 427 active rigs, the Permian still accounts for nearly half of the nation’s total number of active rigs.  

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