Count of active drilling rigs in U.S. declined for the sixth straight week as of June 6, according to the latest weekly report from Baker Hughes. There were 559 rigs in U.S. – down 4 from 563 week ago and down 35 or 5.9 percent from 594 year ago. The six-week decline has dropped the U.S. rig count from 587. It’s the lowest rig count since November 2021.
Also as of June 6, there were 275 rigs in Permian Basin (down 3 from 278 week ago, down 35 or 11.3 percent from 310 year ago), 264 in Texas (down 2 from 266 week ago, down 23 from 287 year ago) and 91 in New Mexico (unchanged in past week, down 16 from 107 year ago).
Oklahoma is No. 3 among states with 50 rigs (down 2 in past week, up 12 from 38 year ago) followed by 31 in Louisiana (up 1 in past week, down 10 in past year) and 30 in North Dakota (unchanged in past week, down 2 in past year). Eagle Ford in south Texas is No. 2 among regions with 40 rigs (down 3 in past week, down 11 in past year) followed by Haynesville with 35 (up 2 in past week, down 1 in past year), Williston with 31 (unchanged last week, down 3 in past year) and Marcellus with 24 (unchanged last week, down 1 in past year).
Eddy County (unchanged at 50 rigs) and Lea County (down 1 to 37) in New Mexico continue to lead Permian Basin. Other leaders – all unchanged last week – are Reeves with 30 rigs, Martin with 25, Midland with 24, Loving with 20, Upton with 16 and Reagan with 12.
The last reports by Baker Hughes of additional rigs were Feb. 28 for Permian Basin, May 9 for Texas, Jan. 31 for New Mexico and April 25 for U.S.
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