In Baker Hughes’ weekly count of active drilling rigs as of Oct. 6, after a decline of 7 rigs in the past week Texas fell below 300 rigs for the first time since February 2022. Texas reported 297 rigs (304 week ago, 360 year ago). Also, there were 309 rigs in Permian Basin (312 week ago, 345 year ago), 106 in New Mexico (102 week ago, 113 year ago) and 619 in U.S. (623 week ago, 762 year ago). New Mexico and Oklahoma (up 2 to 37) were the only states reporting additional rigs in the past week.
Louisiana is No. 3 among states with 43 rigs (unchanged in past week), and North Dakota is No. 5 with 30 (down 1 in past week). Among regions, Eagle Ford in south Texas is runner-up with 50 rigs (49 week ago, 72 year ago) followed by Haynesville in east Texas and Louisiana with 39 (unchanged in past week), Williston with 32 (down 1 in past week) and Marcellus with 28 (unchanged in past week).
Lea County, N.M., added 2 last week and remains the Permian Basin leader with 60 rigs followed by Eddy, N.M., with 45 (also up 2 in past week), Martin with 41 (unchanged), Reeves with 28 (up 1) and Loving with 26 (unchanged). Rig counts in other Permian counties include Midland with 23 (down 1) and Glasscock, Howard and Ward with 11 rigs each.