Another dismal week has been reported of the rig counts in Oklahoma and the U.S. as both suffered losses—four for Oklahoma and 30 nationally according to the latest data from Baker Hughes Corporation in Houston, Texas.
Oklahoma dropped by four more rigs over the pasdt week, reaching acount of 76. A year ago, the state had 171 operating rigs. The nation’s count fell by 30 to reach 541 including a drop of 28 more oil rigs and 2 more gas rigs. It leaves 439 operating oil rigs and 102 gas rigs drilling for new energy. The U.S. count has fallen 817 in the past week from 1,358. Over the past year, the decline has included 617 oil rigs and 198 gas rigs.
In the past week, Canada dropped 20 rigs to reach 222. The count is still 160 below last year’s count of 382.
All of the states surrounding Oklahoma suffered losses in their rig counts. Texas dropped by 14 to reach 248, which is a decline of 350 rigs in one year. Kansas fell by one to reach 8. Colorado dropped two to hit 20. New Mexico’s count slipped by four to reach 22. North Dakota dropped three more rigs to reach 39 compared to the 128 it had one year ago. Louisiana is the only state in the region to make an addition of one rig to reach a total of 47.
Of the various oil plays, the two Woodfords in Oklahoma have a total of 7 working rigs, compared to the 12 a year ago. The Granite Wash remained even at 8, a far cry from the 38 a year ago. The Mississippian Play stayed at ten rigs, compared to the 54 one year ago. The Eagle Ford in south Texas dropped by two to reach 58. A year ago, there were 164 working rigs in the Eagle Ford. The rich Permian Basin in west Texas and southeast New Mexico remained even at 172.
