The latest Baker Hughes rig count reveals a complex picture of drilling activity across the United States. While some regions, like Oklahoma and Texas, have seen slight gains, others, such as Louisiana and the Haynesville Shale, experienced declines. The national rig count decreased by one this past week, bringing the total to 583 active rigs. Despite these shifts, the data highlights both resilience and ongoing challenges in the oil and gas sector, driven by factors like energy price volatility, market dynamics, and regional opportunities.
Across the nation’s shale basins and key producing states, varying trends provide insights into the state of the industry as it navigates recovery and adapts to evolving market conditions. This report offers a detailed breakdown of these changes, showcasing where activity is gaining momentum and where it remains subdued.
Here’s a summary of the latest rig activity data:
National Overview
- Total Rigs: 583 (decreased by 1 from last week).
- Oil Rigs: Increased by 1 to 479.
- Gas Rigs: Decreased by 2 to 99.
- Miscellaneous Rigs: Unchanged at 5.
- Year-over-Year Changes:
- Total rigs decreased by 42.
- Oil rigs declined by 26.
- Gas rigs dropped by 17.
- Miscellaneous rigs increased by 1.
- Offshore Rigs: Decreased by 1 to 13.
State-Level Activity
- Oklahoma: Increased by 1 to 44 (up from 38 one year ago).
- Texas: Gained 2 to reach 281.
- New Mexico: Unchanged at 102.
- North Dakota: Unchanged at 34.
- Louisiana: Decreased by 3 to 30.
- Kansas: Declined by 4 to 30.
- Colorado: Dropped by 1 to 10.
- Ohio, Utah, West Virginia: Unchanged at 10, 11, and 10, respectively.
- Wyoming: Increased by 1 to 19.
- Pennsylvania: Increased to 15 (up from 12 in October, showing signs of stabilization).
Regional Highlights
- Marcellus/Utica Region:
- Total rigs: 35 (highest since August).
- Pennsylvania: Increased to 15 after hitting a 17-year low in October.
- Ohio and West Virginia: Steady at 10 rigs each.
- Signs of potential recovery but still below historical averages.
- Permian Basin: Unchanged at 303 rigs.
- Williston Basin: Stable at 35 rigs.
- Eagle Ford: Steady at 48 rigs.
- Haynesville: Declined by 2 to 30 rigs.
- Granite Wash: Increased by 2 to 5 rigs.
- Cana Woodford: Gained 1 to 21 rigs.
- Ardmore Woodford: No active rigs (lost its single rig).
- Arkoma Woodford: Stable at 1 rig.
- Barnett Shale: Steady at 2 rigs.
- D-J Basin: Unchanged at 7 rigs.
- Mississippian Play: No reported drilling.
This data reflects a mix of regional stability and slight fluctuations, with continued challenges such as energy price volatility affecting broader activity levels. Let me know if you’d like further analysis or breakdowns!
