The latest Baker Hughes Rig Count report highlights a steady landscape for drilling activity across the United States and Oklahoma, with no overall change in the national rig count this week. While the number of oil rigs remained stable, slight shifts in gas and miscellaneous rigs contributed to regional variations. The data offers insight into broader industry trends, showing year-over-year declines in total rigs but some areas, like Oklahoma, maintaining or slightly increasing activity. Here’s a closer look at the numbers and regional breakdowns.
The latest Baker Hughes Rig Count report highlighted stability in U.S. and Oklahoma drilling activities, with no net change in the total number of rigs. Here are the key takeaways:
U.S. Rig Count Highlights:
- Total Rig Count: Unchanged at 589 compared to the previous week.
- Oil Rigs: Steady at 482.
- Gas Rigs: Increased by 1 to 103.
- Miscellaneous Rigs: Decreased by 1 to 4.
- Year-over-Year Comparison: Down by 34 rigs (from 623 rigs).
- Loss includes 19 oil rigs and 16 gas rigs.
- Miscellaneous rigs increased by 1 year-over-year.
- Offshore Rigs: Down by 1 this week to 14, with a year-over-year decline of 5.
Oklahoma Rig Count:
- Unchanged: 43 rigs, an increase of 1 from a year ago.
Regional Highlights:
- Texas: Decreased by 2 to 283 rigs.
- New Mexico: Gained 2 rigs, totaling 104.
- North Dakota: Stable at 35 rigs.
- Louisiana: Gained 1 rig, now at 31.
- Colorado: Remained steady at 10 rigs.
- Kansas (Red Top Rig Report): Increased by 2, reaching 33 rigs.
- Ohio: Unchanged at 9 rigs.
- Pennsylvania: Decreased by 1 to 15 rigs.
- Utah: Steady at 12 rigs.
- West Virginia: Unchanged at 10 rigs.
- Wyoming: Remained at 18 rigs.
This report underscores the fluctuating yet overall steady state of rig operations, with regional variations influencing the national totals.
