Baker Hughes’ count of active oil and gas drilling rigs in Permian Basin posted its largest gain in 14 months (since January 2021) last week with the addition of 9 rigs for a new total of 332 (224 year ago). That is up 13.3 percent since starting the year with 293 rigs. As of April […]
Rig counts remain flat in Permian, Texas, U.S. last week
Rig count in Permian Basin, Texas and U.S. was flat last week, according to Baker Hughes. As of March 18, there were 316 rigs in Permian (216 year ago), 320 in Texas (202 year ago) and 663 in U.S. (411 year ago). The count in New Mexico declined by 1 last week to 97 (67 […]
Permian, Texas, New Mexico, U.S. add rigs to reach 2021 high counts
Lea County, N.M., added 11 rigs in the past week to return to the top of the count of active oil and gas rigs in Permian Basin. According to the weekly report of June 11 from Baker Hughes, Lea has 44 rigs. Midland added 3 rigs in the past week to move up to second […]
U.S. count of active rigs above 400 for first time in 10 months
U.S. count of active oil and gas drilling rigs climbed above 400 last week for the first time since May 2020. Baker Hughes said as of Feb. 26 there were 402 rigs in U.S. (397 previous week), 208 rigs in Permian Basin (204 previous week), 197 rigs in Texas (194 previous week) and 62 rigs […]
Rig counts, active fracturing units continue trend of small gains in 2021
The trend of increasing counts of active oil and gas drilling rigs continued in first week of 2021. Houston-based oilfield services firm Baker Hughes said as of Jan. 8 U.S. count rose 9 to 360 rigs, Permian added 4 rigs in past week to reach 179, Texas count remained unchanged with 161 rigs, and New […]
Baker Hughes: Permian Basin adds rigs for first time since March
Permian Basin added rigs last week for the first time since March to break a streak of 18 consecutive weeks with declining rig counts. Permian added 2 rigs for a new total of 126 (443 year ago). According to Baker Hughes, as of July 24, Texas idled 1 rig for a new total of 103 […]
Texas Petro Index falls for 15th straight month to 163.5 in May
Falling rig count combined with steep declines in drilling permits, industry employment and crude oil production pushed the Texas Petro Index down again in May to 163.5 – down 22.5 percent from 210.7 of a year ago May 2019. It was the 15th consecutive month of decline for the index developed by petroleum economist Karr […]
New Mexico adds rig for second straight week; Permian still leader with 124
New Mexico added a rig for the second straight week, but declines of counts of oil and gas drilling rigs continued in Permian Basin, Texas and U.S. According to the July 17 report from Baker Hughes, New Mexico added 1 rig again to reach 50 (107 year ago). Permian Basin has 124 rigs (125 week […]
Haynesville overtakes Eagle Ford as second most popular location of rigs
Natural gas-rich Haynesville in east Texas and north Louisiana has overtaken Eagle Ford in south Texas as the second most popular destination for drilling rig operators in U.S. Haynesville surpassed Eagle Ford in May and now has 32 operating rigs to 11 for Eagle Ford as of July 17, according to Baker Hughes. And Haynesville […]
Baker Hughes: New Mexico only state to add drilling rig in past week
Baker Hughes’ count of active oil and gas drilling rigs fell for the 18th consecutive week in U.S. and 17th in Permian Basin as of July 10. U.S. count fell to 258 rigs (263 week ago, 958 year ago), and Permian Basin count fell to 125 (126 week ago, 437 year ago). All 5 rigs […]