Permian Basin and Texas reported declining rig counts while U.S. and New Mexico reported stable counts in Baker Hughes’ weekly report of Nov. 1. There were 303 rigs in Permian Basin (down from 304 week ago and 310 year ago) and 281 in Texas (down from 283 week ago and 304 year ago). New Mexico has 100 rigs (104 year ago), and U.S. has 585 (618 year ago). The most recent report with additional rigs in Permian was Sept. 20, and only four times in 3Q did Permian report additional rigs in the weekly reports.
Eagle Ford remains No. 2 among regions with 48 rigs (down 1 in past week) followed by Williston with 35 (up 1), Haynesville with 33 (unchanged) and Marcellus with 23 (up 1). Oklahoma is No. 3 among states with 42 rigs (down 1) followed by Louisiana with 36 (unchanged) and North Dakota with 34 (up 1).
Lea (50) and Eddy (47) counties in New Mexico remain the Permian leaders (both unchanged in past week) followed by Midland and Martin each with 29 and Reeves with 28. Others include Loving with 22, Reagan with 13, and Upton and Ward each with 12.