A 12-week streak of declining rig counts in Texas ended with Baker Hughes’ April 5 report that the state added 8 in the previous week to reach 499 active rigs. Baker Hughes said rigs also were added in Permian Basin, New Mexico and U.S. in the past week. As of April 5 there were 462 rigs in Permian Basin (up 8 in past week), 107 in New Mexico (up 3) and 1,025 in U.S. (up 19), including 831 oil-directed rigs (up 15).
Permian Basin’s leading county, Reeves, lost a rig for a new total of 69, but Lea, N.M., County added 1 to 55, and Eddy, N.M., added 4 to 50. Other Permian Basin leaders were Midland County with 42 rigs (down 1 in past week), Martin also with 42 (up 1), Howard with 25 (down 1), Loving with 24 (down 1) and Ward with 26 (down 3).
Other leading states as of April 5 were Oklahoma with 107 rigs (down 1 in past week), Louisiana with 65 rigs (unchanged) and North Dakota with 61 rigs (up 1). Other leading regions as of April 5 were Eagle Ford with 78 rigs (unchanged in past week), Marcellus with 68 rigs (up 3), Williston with 61 (up 1) and Haynesville with 58 (up 1).