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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, U.S. add rigs in past week, Permian Basin unchanged with 346

October 27, 2022 by PBOG

Texas and U.S. added oil and gas drilling rigs last week, according to Baker Hughes’ weekly count as of Oct. 21, while Permian Basin was unchanged with 346 rigs (268 year ago).  There were 371 rigs in Texas (365 week ago, 249 year ago), 105 in New Mexico (109 week ago, 87 year ago) and 771 in U.S. (769 week ago, 542 year ago).  Texas’ gain of 6 rigs in the past week led the nation.  The number of rigs drilling for oil in U.S. increased by 2 in past week to 612.

Lea (66 rigs) and Eddy (36) counties in New Mexico each were down by 2 in the past week, but they continue to lead Permian Basin.  Other Permian leaders were Martin (unchanged at 35), Reeves (down 1 to 34), Midland (unchanged at 31), Loving (up 3 to 23), Upton (unchanged at 19), Howard (unchanged at 18), Ward (up 2 to 17) and Glasscock (unchanged at 14).

Eagle Ford in south Texas is No. 2 among regions with 71 rigs (unchanged in past week) followed by Haynesville in east Texas and Louisiana with 70 (unchanged), Marcellus with 41 (unchanged) and Williston with 40 (unchanged).  Oklahoma is No. 3 among states with 65 rigs (unchanged) followed by Louisiana with 62 (down 1) and North Dakota with 38 (unchanged).

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