Counts of active drilling rigs in Permian Basin and U.S. by Baker Hughes continue sinking to low counts last reported in November 2021. In the weekly report of May 30, there were 278 rigs in Permian Basin (down 1 from 279 one week earlier, down 32 from 310 a year earlier) and 563 in U.S. (down 3 from 566 one week earlier, down 37 from 600 a year ago). Texas was unchanged with 266 rigs (287 year ago), and New Mexico fell by 1 rig to 91 (107 year ago).
Eagle Ford in south Texas added a rig for a count of 43 (51 year ago). Other leading regions were Haynesville with 33, Williston with 31and Marcellus with 24 – all three unchanged in past week. Oklahoma is third among states with 52 rigs (down 1) followed by Louisiana and North Dakota with 30 each.
Eddy County, N.M., expanded its margin over Lea, N.M., in rigs by adding 2 in the past week to reach 50. Lea fell by 3 to 38. Other Permian leaders were Reeves with 30 (unchanged), Martin with 25 (down 1), Midland with 24 (unchanged), Loving with 20 (up 1), Upton with 16 (unchanged) and Reagan with 12 (unchanged).
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