• Home
  • About Us
    • Audio Edition
    • Previous Issues
    • Submissions
    • Contact Us
  • Subscribe
  • Advertise
    • Audience
    • Editorial Calendar
    • Sizes & Specs
  • Jobs
    • View Open Positions
    • List Your Job

Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

  • News
  • PBPA
    • Legislative Matters
  • Business & Analysis
  • Service Articles
    • Automation, Controls and Measurement
    • Environmental, Safety and Training
    • Fracking, Frac Sand and Water
    • Infrastructure
    • Pipe and Pipe Service
    • Technology
    • Wireline and Testing
  • Legal Articles
  • Drilling Deeper
  • Permit Map

Declining rig counts extend 12 weeks in U.S., 11 weeks in Permian Basin

June 4, 2020 by Sarrah Barton

The streaks of declining rig counts have reached 12 weeks in the U.S. and 11 weeks each in Texas and Permian Basin as of May 29, according to Houston-based Baker Hughes. There were 148 active rigs in Permian Basin (162 previous week, 452 previous year), 127 rigs in Texas (138 previous week, 480 previous year) and 301 in U.S. (318 previous week, 984 previous year). New Mexico has 61 rigs (63 previous week, 101 previous year).
Low rig count in U.S. in 2014-16 during previous oil bust was 404 in May 2016.
Eddy County, N.M., continues to lead the nation and Permian Basin with 39 rigs (41 last week). Midland County and Lea County, N.M., have 22 rigs each. The only other Permian counties with double-figure rig counts are Loving (13) and Reeves (12).
Other leading regions include Haynesville with 32 rigs (unchanged in past week), Marcellus with 28 (30 previous week), Eagle Ford with 22 (unchanged in past week) and Williston with 12 (14 previous week). Other leading states include Louisiana with 35 rigs (unchanged in previous week), Pennsylvania with 20 (22 previous week), and North Dakota and Oklahoma with 12 rigs each.

Filed Under: PBOG Newsletter, Rig Count Reports Tagged With: Eddy County, permian basin, rig counts

Subscribe to PBOG

Subscribe: Newsletter | Magazine

May 2025

May 2025

Read the most recent issue of PBOG on your computer, iPad, Kindle, phone or other electronic reader.

If you'd like to view our previous issues, click here.

PBOG Audio

Connect with us online.

Facebook spacer Twitter spacer LinkedIn
Privacy Policy

Cookie Policy

Permian Basin Oil and Gas Magazine

3457 Curry Lane
Abilene, TX 79606
325.673.4822
pbog@zacpubs.com

Search PBOG.com

© 2025 · Zachry Publications