U.S. rig count increases for third time in four weeks, count flat in Permian at 251

Count of active drilling rigs in U.S. increased for the third time in the last four weeks, according to the weekly report of Nov. 7 by Baker Hughes.  The U.S. count was 548 (up 2 in the past week but down 37 or 6.3 percent from 585 reported a year ago).

Also as of Nov. 7, there were 251 rigs in Permian Basin (unchanged from previous week, down 52 or 17.2 percent from 303 a year ago), 234 rigs in Texas (down 1 in past week, down 47 or 16.7 percent from 281 a year ago) and 103 rigs in New Mexico (unchanged from previous week, up 3 in past year).

Eagle Ford (down 1 rig to 42) and Haynesville (up 1 to 41) trail Permian Basin in rig count among regions followed by Williston with 30 and Marcellus with 23 – both flat.  Among states, Louisiana is third with 43 rigs (up 2 in past week) followed by Oklahoma with 42 (flat) and North Dakota with 29 (flat).