Baker Hughes Report: U.S. Rig Count Increases Slightly Despite Regional Declines

The latest Baker Hughes report indicates a slight increase in the total number of active oil and gas rigs across the United States, despite some regional declines.

Key Highlights from the Report:

  1. Oklahoma:
    • Current count: 33 active rigs (down by 1 from last week).
    • Comparison to last year: Down from 40 rigs.
  2. National Overview:
    • Total U.S. rig count: 586 (up by 2 from last week).
    • Oil rigs: 477 (down by 1).
    • Gas rigs: 103 (up by 3).
    • Comparison to last year: Down 83 rigs (669 rigs last year), including a drop of 28 oil rigs and 53 gas rigs.
    • Offshore rigs: 22 (down by 1).
  3. State-specific Changes:
    • Texas: 276 rigs (no change).
    • New Mexico: 108 rigs (up by 1).
    • North Dakota: 34 rigs (unchanged).
    • Louisiana: 42 rigs (down by 2).
    • Colorado: 14 rigs (unchanged).
    • Kansas: 26 rigs (down by 4).
    • Ohio: 11 rigs (up by 1).
    • Pennsylvania: 21 rigs (unchanged).
    • Utah: 13 rigs (up by 1).
    • West Virginia: 5 rigs (unchanged).
    • Wyoming: 11 rigs (unchanged).
  4. Major Basins:
    • Permian Basin: 305 rigs (unchanged).
    • Williston Basin: 35 rigs (unchanged).
    • Eagle Ford: 49 rigs (up by 1).
    • Haynesville: 35 rigs (down by 1).
    • Marcellus: 25 rigs (unchanged).
  5. Specific Plays:
    • Ardmore Woodford: 1 rig (down by 2).
    • Arkoma Woodford: 1 rig (unchanged).
    • Cana Woodford: 16 rigs (down by 1).
    • Barnett: No active rigs.
    • D-J Niobrara: 10 rigs (unchanged).
    • Granite Wash: 5 rigs (unchanged).
    • Mississippian: 1 rig (unchanged).
    • Utica: 11 rigs (up by 1).

These figures indicate a mixed trend in drilling activities, with some areas showing growth while others continue to experience declines. The overall national increase, albeit slight, suggests a cautiously optimistic outlook for the industry.

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