Baker Hughes’ count of active drilling rigs in Permian Basin continued its retraction in the weekly report of Sept. 9. There were 340 rigs in Permian – down from 342 the previous week but up from 254 a year ago. It’s Permian’s sixth decline in the last eight weeks from a 2022 high of 351 rigs in July after starting the year with 293 rigs. Also, there are 359 rigs in Texas (down 3 in week, up 124 in year), 109 in New Mexico (up 1 in week, up 27 in year) and 759 in U.S. (down 1 in week, up 256 in year). New Mexico’s count is down from a 2022 high of 112.
Lea County, N.M., added 2 rigs last week for a leading count of 66. Other basin leaders include Eddy, N.M., with 40 (down 1 in past week), Midland with 33 (unchanged), Martin with 32 (down 2), Reeves with 30 (down 3), Howard with 22 (up 1), Loving with 21 (down 1) and Upton with 20 (unchanged).
Oklahoma and Louisiana remain equal with 64 rigs each, and North Dakota is No. 5 among states with 39. Among regions, Eagle Ford and Haynesville have 71 rigs each, Williston has 41, and Marcellus is No. 5 with 35 rigs.