Permian Basin, Texas and U.S. each declined in count of active drilling rigs during May, according to weekly reports from Baker Hughes. As of May 31, Permian Basin reported 310 rigs (down from 312 the previous week, 348 the previous year and 317 to start the month), Texas reported 287 (unchanged from the previous week, down from 353 the previous year and 297 to start the month), and U.S. reported 600 (unchanged in past week, down from 696 the previous year and 622 to start the month). In New Mexico, there were 107 rigs (down 1 in past week, unchanged in past year and in May).
Oklahoma (down 1 in past week) and Louisiana (up 1) each has 42 rigs, and North Dakota has 32 (unchanged). Eagle Ford is No. 2 among basins with 51 rigs (up 1) followed by Haynesville with 36 (unchanged), Williston with 34 (unchanged) and Marcellus with 27 (up 1).
New Mexico’s Eddy (down 1 to 53) and Lea (unchanged at 50) lead the Permian Basin followed by Martin with 33 (up 1) and Loving and Reeves each with 23. Also, Midland reports 20 rigs (down 1), Reagan has 18, Upton 14, and Howard and Ward 10 each.