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Oil and Gas Rig Counts Grew in Oklahoma and US in Past Week

Oklahoma saw an increase in its oil and gas rig count over the past week while the national industry saw the same.

Baker Hughes Company of Houston, Texas reported Oklahoma’s count increased by 3 in the past week to reach 127. One year ago, the state’s count was only 60.

Nationally, the rig count grew by 13 to reach 870. The number of oil rigs increased by 9 to reach 697 while there were four more gas rigs, reaching a total of 171.

Compared to one year ago, the nation’s oil and gas rig count was up 450 from the 420 rigs.

Of the oil plays, the Woodfords in Oklahoma remained at 12 working rigs while the Granite Wash stayed at 10. The Mississippian continued at 8. The Eagle Ford in South Texas increased by 5 to reach 83. The Permian Basin, the nation’s most active play recorded a jump of two rigs to reach 342. Amazingly, one year ago, thee Permian had 134 working oil and gas rigs. That’s an increase of two and a half times.

Of some of the oil and gas-producing states, Texas remained king with 437 active rigs, an increase of eleven over the past week. Colorado remained at 29. Kansas slipped by three to hit 38. The Red Top Rig Report indicates Kansas has 139 rigs still stacked from one year ago.

Louisiana’s count remained at 58. The count in New Mexico slipped by three to hit 55. In North Dakota, the count stayed at 44.