The latest Baker Hughes Rig Report indicates a continuing decline in the active number of oil and gas rigs both in Oklahoma and across the U.S. Here are some key points from the report:
- Oklahoma: The rig count decreased by one, leaving 34 active rigs. This is a decline from 40 rigs a year ago.
- U.S.: The total rig count fell by 7, resulting in 581 active rigs. The number of oil rigs dropped by 6 to 479, and gas rigs decreased by one to 97. Over the past year, the rig count declined by 93, including a drop of 66 oil rigs and 27 gas rigs.
- Texas: Experienced a significant drop of five rigs, leaving 277 active rigs.
- New Mexico: Saw a decrease of one rig, now at 107.
- North Dakota: Remained stable with 34 rigs.
- Louisiana: Unchanged with 40 rigs.
- Kansas: Continued with 28 rigs according to the Red Top Rig Report.
- Colorado: Stayed at 14 rigs.
- Pennsylvania: Unchanged with 21 rigs.
- Utah: No change, with a count of 12 rigs.
- West Virginia: Continued with 5 rigs.
- Wyoming: Stayed at 11 rigs.
Basin and Play Specifics:
- Permian Basin: Dropped by three rigs to 305.
- Williston: Stable with 35 rigs.
- Eagle Ford: Declined by three to 47 rigs.
- Haynesville: No change with 36 rigs.
- Marcellus: Remained at 25 rigs.
- Ardmore Woodford: Dropped one to four rigs.
- Arkoma Woodford: Unchanged with one active rig.
- Cana Woodford: Stable with 17 rigs.
- Barnett: Continued with no reported rig activity.
- Granite Wash: No change with three active rigs.
- Mississippian: Reported one rig after weeks of no activity.
- Utica: Continued with 10 rigs.
The report highlights a downward trend in the oil and gas drilling activity, reflecting broader industry challenges.
