The streak in Permian Basin of declining or flat rig counts reached 29 weeks in Baker Hughes’ latest report. As of Sept. 19, there were 254 active drilling rigs in Permian for the third straight week. And the count is down 53 or 17.3 percent from the count of 307 a year ago. The last time Permian Basin added rigs was in Baker Hughes’ report of Feb. 28 (305 rigs).
As of Sept. 19 there also were 242 rigs in Texas (down 2 in past week, down 34 or 12.3 percent in past year), 94 in New Mexico (unchanged from last week, down 12 from a year ago) and 542 in U.S. (up 3 in past week, down 46 or 7.8 percent from 588 year ago). It was the third straight week for gains in the U.S. count.
Oklahoma is third among states with 42 rigs (42 last week, 41 year ago) followed by Louisiana with 36 (37 last week, 42 year ago) and 27 in North Dakota (27 week ago, 33 year ago). Colorado and Wyoming were the only major producing states to add rigs last week. Eagle Ford in south Texas remained No. 2 among regions with 42 (42 week ago, 48 year ago) ahead of Haynesville with 39 (39 week ago, up from 33 year ago), Williston with 29 (29 last week, 34 year ago) and Marcellus with 24 (24 week ago, year ago).
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