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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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Rig counts remain flat in Permian, Texas, U.S. last week

March 24, 2022 by PBOG

Rig count in Permian Basin, Texas and U.S. was flat last week, according to Baker Hughes.  As of March 18, there were 316 rigs in Permian (216 year ago), 320 in Texas (202 year ago) and 663 in U.S. (411 year ago).  The count in New Mexico declined by 1 last week to 97 (67 year ago).

Lea County, N.M., declined by 2 rigs to 58, and Eddy, N.M., gained 1 to 35 to lead Permian.  Other top counties include Martin with 32 rigs, Midland with 30, Reeves with 22, Loving with 21, Howard with 19 and Upton with 18.

Haynesville remains No. 2 among regions with 66 rigs followed by Eagle Ford with 55, Marcellus with 36, Williston with 33 and Cana Woodford with 28.  Louisiana remains No. 3 among states with 58 rigs followed by Oklahoma with 49, North Dakota with 32 and Pennsylvania with 24.

Filed Under: PBOG Newsletter, Rig Count Reports

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