Rig count falls in Texas, Colorado

The nation’s total of active oil and gas drilling rigs fell by eight this week, according to the weekly count collected by the Houston oilfield services company Baker Hughes. The decline was led by.

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Texas Rig Count is at a current level of 446.00, down from 450.00 last week and down from 525.00 one year ago. This is a change of -0.89% from last week and -15.05% from one year ago.

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US oil and gas drillers added two rigs last week, bringing the total rig count to 1,062, according to Baker Hughes. Three rigs were deployed in Texas’ Permian Basin and another three in Colorado.

Hence, drillers may continue to lower rig count in the coming months in the United States. In fact, it is quite obvious that even a more than 20% improvement in West Texas Intermediate (WTI) oil price.

Baker Hughes: US rig count falls 14 units to 1,045. The US drilling rig count is down 14 units to 1,045 rigs working for the week ended Feb. 1, according to Baker Hughes data. The count is up 99.

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Baker Hughes Rig Count: BHGE.com: Rig Count. Rig Count FAQs; E-Mail Alerts; Rig Counts >; Interactive Rig Counts

The overall rig count is down to 1,026 active rigs, including 833 rigs primarily drilling for crude oil. Texas dipped by one active rig, but is still home to 501 active rigs, nearly half of the nation.

Rig count falls by seven; Texas loses one and Louisiana four. Colorado, North Dakota, Pennsylvania and Texas each lost one. By major basin, the West Texas-New Mexico Permian Basin lost two rigs to settle 474. south texas’ eagle Ford, the nation’s second-most active oil and gas field, was flat at 82. The East Texas-Louisiana Haynesville lost one rig to 53.

The combined oil and gas rig count finished the week at 954, down from 1,046 a year ago. Texas lost two rigs in the past week, to 454. Oklahoma lost three, to 95, and Louisiana lost three, to 66. New.

Rig count falls as activity dips in North Dakota’s Bakken shale July 26, 2019 chron Leave a Comment By Jordan Blum Published 12:31 pm CDT, Friday, July 26, 2019 This oil drilling rig is near Watford City, N.D. Bakken output is set to exceed the December 2014 record of 1.23 million barrels a day in the first half of 2018, a state official says.

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