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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 leads drilling rig count decline for second straight week

June 20, 2019 by PBOG

Only one of the top 10 counties in Permian Basin added drilling rigs in the past week, according to Baker Hughes. As of June 14, leader Reeves County was down 1 in the past week to 64, Eddy, N.M., was down 1 to 54, Lea, N.M., was unchanged at 43, and Midland was down 1 to 40. Others include Loving at 34 (unchanged in past week), Martin at 33 (down 1), Howard with 29 (down 1), Pecos with 21 (unchanged) and Glasscock with 20 (up 2 rigs in past week) and Ward with 17 (unchanged).

Across Texas as of June 14 the count of active oil and gas drilling rigs was down 6 rigs to 467, Permian Basin was at 441 (down 5 in past week), New Mexico was unchanged at 101, and U.S. was down 6 to 969. Texas dropped the most rigs among states for the second straight week. Other state leaders were Oklahoma with 101 (unchanged), Louisiana with 70 (up 2 in past week) and North Dakota with 56 (unchanged). Other leading regions were Eagle Ford with 73 rigs (down 1 in past week), Marcellus with 58 (unchanged), Williston with 56 (unchanged) and Haynesville with 53 (unchanged).

Filed Under: News, News Reviews, PBOG Newsletter

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