Rig counts in Permian Basin and Texas declined for the second straight week, according to Baker Hughes in its weekly report of Feb. 10. Permian Basin’s count fell by 2 in the past week to 352 (353 to start 2023), and the count in Texas was down 7 in the past week to 370 (376 to start 2023). Also as of Feb. 10, there were 109 rigs in New Mexico (105 a week ago, 102 to start 2023) and 761 in U.S. (759 a week ago, 779 to start 2023).
In Permian Basin, Lea County, N.M., declined by 4 rigs to 61, but remains the basin leader. Eddy, N.M., added 7 rigs to reach 45 followed by Martin with 39 rigs (down 2 in past week), Reeves with 33 (unchanged), Loving and Midland each with 28, and Howard with 22. Midland’s gain of 2 reversed a four-week decline.
Louisiana added 6 rigs in the past week to rank third among states with 66 followed by Oklahoma with 63 (down 1) and North Dakota with 41 (unchanged). Eagle Ford (down 1 to 71) and Haynesville (up 1 to 70) trail Permian among regions followed by Williston with 42 (flat) and Marcellus with 36 (down 1).
