US Rig Count Drops by Eight



US Rig Count Drops by Eight
The U.S. dropped six oil rigs and two gas rigs for a net loss of eight rigs this week, according to Baker Hughes, a GE Company.

The U.S. dropped six oil rigs and two gas rigs for a net loss of eight rigs this week, according to weekly data from Baker Hughes, a GE Company.

Seven land rigs were lost as well as one offshore rig. This brings the nation’s total number of active rigs to 860 – which is 194 fewer than the count of 1,054 one year ago.

Texas led all states with five rigs lost, while Colorado, Louisiana and Wyoming each shed one rig apiece. All other states remained flat for the week.

Among the major basins, the Cana Woodford was the only one to add rigs this week, tacking on another two rigs.

The Permian lost three rigs. This brings the number of active rigs in the Permian to 414, which accounts for nearly half of the nation’s total. The DJ-Niobrara, Eagle Ford and Granite Wash each dropped one rig apiece this week.

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



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