• Home
  • About Us
    • 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
    • Legislative Matters
    • PBPA
    • People
  • Trade Talk
    • Automation, Controls and Measurement
    • Environmental, Safety and Training
    • Fracking, Frac Sand and Water
    • Infrastructure
    • Pipe and Pipe Service
    • Technology
    • Wireline and Testing
  • Business & Analysis
    • Industry Analysis
    • Mergers and Acquisitions
    • The Financial Picture
  • Drilling Deeper
  • Permit Map
  • Fun
    • Oil Patch Tales
    • History
    • Workovers
  • Subscribe

Permian Basin, Texas lead rig count; Oklahoma “hit hard by slump”

August 8, 2019 by Bailey LeRoux

Texas remains the U.S. leader in count of active drilling rigs with 455 (454 previous week, 524 previous year), and New Mexico increased its lead over Oklahoma as No. 2. As of Aug. 2, according to Houston-based Baker Hughes, there were 107 rigs in New Mexico (109 previous week, 102 previous year) and 88 in Oklahoma (93 previous week, 137 previous year). Across the U.S., there were 942 rigs (946 previous week, 1,044 previous year), including 770 oil-directed rigs (776 previous week, 859 previous year).

“Muted oil prices coupled with Wall Street’s emphasis on fiscal restraint have combined to slow drilling activity all year long,” the Houston Chronicle said, “but Oklahoma has been particularly hit hard by the slump.”

Rig counts in other leading states included 61 in Louisiana (62 previous week, 53 previous year) and 47 in North Dakota (47 previous week, 56 previous year). Leading regions include Permian Basin in west Texas and southeastern New Mexico with 442 rigs (443 previous week, 480 previous year), Eagle Ford in south Texas with 66 rigs (66 previous week, 80 previous year), Marcellus with 56 rigs (56 previous week, 53 previous year), Haynesville with 52 rigs (51 previous week, 48 previous year), Cana Woodford with 48 rigs (49 previous week, 68 previous year) and Williston with 47 rigs (47 previous week, 56 previous year).

In the Permian Basin, Reeves with 64 rigs (unchanged in past week) and Lea, N.M., with 55 rigs (unchanged in past week) remain the leading counties. Other top counties include Eddy, N.M., with 48 rigs (down 2 in past week), Midland with 46 rigs (up 2 in past week), Martin with 33 (down 4), Loving with 32 (up 2), Howard with 29 (up 1) and Pecos with 22 (unchanged in past week).

Filed Under: News Reviews, PBOG Newsletter Tagged With: news reviews

Subscribe to PBOG

Subscribe: Newsletter | Magazine

March 2023

March 2023

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.

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

© 2023 · Zachry Publications