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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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Texas adds 4 rigs in past week, Permian Basin unchanged with 350

July 21, 2022 by PBOG

Count of active drilling rigs remained unchanged in the previous week in Permian Basin with 350 rigs (238 year ago), according to Baker Hughes, but Texas added 4 rigs.  As of July 15, there were 365 rigs in Texas (361 previous week, 222 previous year), 110 in New Mexico (112 previous week, 75 previous year) and 756 in U.S. (752 previous week, 484 previous year).

Oklahoma now is No. 3 among states with 63 rigs after adding 3 in previous week followed by Louisiana (down 3 to 62) and North Dakota (up 1 to 36).  Eagle Ford is new runner-up among regions with 69 rigs (up 1 in previous week) followed by Haynesville with 68 (down 1), and Marcellus and Williston with 38 each.

Lea County, N.M., is the Permian leader with 55 rigs (down 1) followed by Eddy, N.M., with 52 (down 1), Midland with 38 (down 1), Martin with 31 (up 1), Reeves and Loving with 27 each, and Howard with 24.

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