New Mexico continues to add oil and gas drilling rigs to build its lead as No. 2 among states behind Texas in Baker Hughes’ weekly report of rig counts. New Mexico added 5 rigs in the past week as of July 19 for a new total of 107, ahead of Oklahoma, which lost 3 rigs in the past week to fall to 95. Texas remains the dominant leader with 454 rigs (456 last week). Across the U.S., Baker Hughes said there were 4 fewer rigs in the past week for a new total of 954. Oil-directed rig count fell by 5 to 779.
Permian Basin is the leader among regions with 440 rigs (437 last week) followed by Eagle Ford with 67 (66 last week), Marcellus with 58 rigs (59 last week), Williston with 55 rigs (55 last week) and Haynesville with 51 rigs (52 last week).
In the Permian Basin, Reeves County lost a rig in the past week for a new total of 63. Other leading counties include Eddy, N.M., with 57 (up 2 in past week), Lea, N.M., with 47 (up 3), Midland with 43 (up 1), Martin with 36 (unchanged), Loving with 29 (down 1), Howard with 27 (unchanged), Pecos with 21 (unchanged) and Ward with 20 (unchanged).
