Baker Hughes continues to report declining counts of active oil and gas drilling rigs in U.S., Texas and Permian Basin. In its weekly report of Aug. 2, the Houston-based services firm said there were 586 rigs in U.S. (down 3 from previous week, down 73 from year ago), 274 in Texas (down 2 from previous week, down 40 from year ago) and 303 in Permian Basin (down 1 from previous week, down 26 from year ago). New Mexico’s count was unchanged from a week ago with 108 (113 year ago).
Permian’s count is lowest since February 2022, and Texas’ count is lowest since January 2022.
None of the top 5 counties (and only 1 of top 9) in Permian Basin reported more rigs. They are Eddy (53) and Lea (51) in New Mexico, Martin (31), Reeves (26) and Loving (22). Other Permian leaders include Midland (18), Reeves (up 1 to 15), Upton (13) and Howard (11).
Louisiana is No. 3 among states with 40 rigs followed by Oklahoma and North Dakota (35 each). Eagle Ford in south Texas is No. 2 among regions with 50 rigs followed by Williston with 36, Haynesville with 34 and Marcellus with 24.