Counts of active drilling rigs in Texas and Permian Basin from Baker Hughes continue to fall. Both are now at their lowest count in 41 months since December 2021. As of May 2, there were 287 rigs in Permian Basin (down 2 from 289 last week, down 29 from 316 year ago) and 271 in Texas (down 3 from 274 last week, down 21 from 292 year ago).
Also, there are 100 rigs in New Mexico (unchanged in past week, down 8 from 108 year ago) and 584 in U.S. (down 3 from 587 last week, down 21 from 605 year ago).
Eagle Ford in south Texas remains the runner-up among regions with 46 rigs (down 1 in past week, down 6 in past year) followed by Haynesville (up 1 from last week) and Williston (unchanged from last week) with 33 each and Marcellus (unchanged) with 25. Oklahoma is third among states with 55 (unchanged), Louisiana with 33 (up 3) and North Dakota with 32 (unchanged).
Eddy (51 rigs) and Lea (46) counties in New Mexico remain the Permian leaders followed by Reeves with 28 (up 2 in past week), Martin with 25 (down 1), Midland with 23 (up 2) and Loving with 21 (unchanged). And there are 16 rigs in Upton (down 1) and 10 in Ward (unchanged).
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