Baker Hughes’ count of active oil and gas drilling rigs fell for the 18th consecutive week in U.S. and 17th in Permian Basin as of July 10. U.S. count fell to 258 rigs (263 week ago, 958 year ago), and Permian Basin count fell to 125 (126 week ago, 437 year ago). All 5 rigs […]
Texas adds 1 rig to end streak of 14 straight weeks of declining rig count
According to Baker Hughes, Texas added a rig last week to break its streak of 14 straight weeks of declining counts of active oil and gas rigs. As of June 26, Texas had 112 rigs (111 previous week, 464 previous year). The U.S. count fell for 16th consecutive week to 265 (266 previous week, 967 […]
Eddy (41 rigs), Midland (31) lead Permian Basin count from Baker Hughes
Midland County replaced Lea County, N.M., as Permian Basin’s No. 2 county in the April 24 rig count from Baker Hughes. Midland’s count was unchanged from the previous week with 31 rigs while Lea idled 9 rigs to fall to 29. Eddy County, N.M., remains the leader with 41 rigs. Other basin rig counts include […]