The latest Baker Hughes rig count shows the U.S. rig count decreased by one to 584, with Oklahoma remaining steady at 34 rigs. Texas saw a decrease of two rigs to 276, while New Mexico and other key states like Colorado and Wyoming remained unchanged. The Permian Basin maintained its strong position with 305 rigs, and various other regions showed minimal changes in their rig counts.
Details
U.S. Rig Count: Decreased by one to 584
- Oil Rigs: Decreased by one to 478
- Gas Rigs: Decreased by one to 100
- Offshore Rigs: Unchanged at 23
- Year-over-Year Change: 91 rigs lower than last year’s 675
- Oil Rigs: Down by 59
- Gas Rigs: Down by 33
State-Specific Rig Counts:
- Oklahoma: Unchanged at 34
- Texas: Decreased by two to 276
- New Mexico: Unchanged at 107
- Louisiana: Increased by one to 44
- North Dakota: Unchanged at 34
- Colorado: Unchanged at 14
- Kansas: Increased by one to 30
- Pennsylvania: Unchanged at 21
- Utah: Unchanged at 12
- West Virginia: Unchanged at 5
- Wyoming: Unchanged at 11
Major Basins:
- Permian Basin: Unchanged at 305
- Williston Basin: Unchanged at 35
- Eagle Ford: Decreased by one to 48
- Haynesville: Unchanged at 36
- Marcellus: Unchanged at 25
Woodford Basins:
- Ardmore Woodford: Decreased by one to 3
- Arkoma Woodford: Unchanged at 1
- Cana Woodford: Unchanged at 17
- Barnett: No drilling activity
Other Regions:
- D-J Basin: Unchanged at 10
- Granite Wash: Increased by two to 5
- Mississippian: Unchanged at 1
- Utica: Unchanged at 10
The latest Baker Hughes rig count data reveals a marginal decline in overall U.S. rig activity, with the total count decreasing by one to 584. While significant states like Texas saw a slight decrease, other major areas like Oklahoma, New Mexico, and the Permian Basin remained steady. This stability in key regions, despite a broader year-over-year decline, highlights the resilience of certain basins and suggests a cautious but ongoing commitment to exploration and production in the current market environment.
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