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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 only state to add drilling rigs last week, Permian down 2 to 354

January 26, 2023 by PBOG

Texas was only major producing state to add drilling rigs last week (up 1 to 380), according to weekly report of Jan. 20 by Baker Hughes.  Also, there were 354 rigs in Permian Basin (down 2 in past week), 102 in New Mexico (down 1 in past week) and 771 in U.S. (down 4 in past week).  U.S. count is down 8 for the year.

Oklahoma and Louisiana each report 64 rigs followed by North Dakota with 39.  Eagle Ford is No. 2 among regions with 72 rigs followed by Haynesville with 69, Williston with 42 and Marcellus with 37.

Top two most active counties in Permian Basin (Lea, N.M., with 66, Martin with 36) were unchanged for the week.  Other basin leaders as of Jan. 20 were Reeves with 35 (up 1 in past week), Eddy, N.M., with 34 (down 1), Midland with 29 (down 1), Loving also with 29 (unchanged), Howard with 22 (unchanged), Upton with 16 (unchanged) and Ward with 14 (down 2).

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