US Oil, Gas Rig Count Plummets by 19

The U.S. dropped 16 oil rigs and three gas rigs for a net loss of 19 rigs, according to weekly data from Baker Hughes, a GE Company.
This is in sharp contrast to last week’s gain of six oil rigs.
This brings the total number of the nation’s active rigs to 916, down 128 from the count of 1,044 a year ago.
The following states lost rigs:
- Pennsylvania (-6)
- Colorado (-4)
- Texas (-4)
- Oklahoma (-3)
- Alaska (-2)
- New Mexico (-2)
- Louisiana (-1)
West Virginia and Kansas were the only states to add rigs this week at three and one, respectively.
Among the major basins, the Permian led this week with a loss of seven rigs. Despite the loss, the Permian still has 434 active rigs, which account for almost half of the nation’s active rigs.
Additional losses include:
- DJ-Niobrara (-5)
- Marcellus (-3)
- Ardmore Woodford (-1)
- Cana Woodford (-1)
The Mississippian added one rig this week.
To contact the author, email Valerie.Jones@Rigzone.com
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Bankrupt Sri Lanka Takes Russia Oil
- FERC Approves Gas Pipeline Projects To Increase U.S. Exports
- A Guide to the Week's Oil and Gas Market Hits and Misses
- Windfall Tax Branded a Backward Step
- U.S. Announces First Ever Offshore Wind Sale On Pacific Coast
- BSEE Evaluates Lobo Operating's Fire Boom System
- Oil And Gas Exploration In 2021 Resilient Regardless Of Pandemic
- Crestwood Makes $1.19B Worth Of Asset Transactions
- DOI Invests $33MM Putting People to Work in Orphaned Well Program
- Chevron Investors Go For Energy Transition In Near-Unanimous Vote
- Oil Inventories Down to Dangerously Low Point
- USA Fuelmakers Shifting Into Higher Gear
- ExxonMobil Selling Shale Assets for $750MM
- Bankrupt Sri Lanka Takes Russia Oil
- Shots Fired During Tanker Loading
- NPD Grants Slew of Drilling Permits
- World's Oil Growth Engine Is About to Slow
- Saudi Arabia Says It Has Done All It Can for the Oil Market
- FID For $13.2B Louisiana LNG Project
- Halliburton, Baker Hughes and More Write to UK Government
- Russian Oil Producers Start Using Tankers the World Did Not Want
- ADNOC Announces 650MM Barrel Oil Find
- Finland Loses Main Gas Supply
- This Is Where the Oil Price Would Be Without the War
- Ban on Excessive Gasoline Prices Heading for Vote
- Oil Inventories Down to Dangerously Low Point
- Top Headlines: Be Prepared to Pay More at the Pump from June
- USA Fuelmakers Shifting Into Higher Gear
- Gas Prices Could Rocket in the Near Term
- ExxonMobil Selling Shale Assets for $750MM