Facebook Twitter K1-TEXT Email Print

News

Posted: Aug 03, 2020 8:57 AMUpdated: Aug 03, 2020 8:57 AM

Stagnant Rig Counts Reported in Oklahoma

Share on RSS

 

Tom Davis
The number of oil and gas rigs actively pursuing energy in the U.S. grew by one in the past week, the same amount that rig activity in Oklahoma increased as well. It means hundreds more remain in storage across the country.
 
The nation’s rig count, according to Baker Hughes Co. increased by one to reach 251 in the past week. The count included a decline of one oil rig leaving 180 while the number of gas-drilling rigs increased by one to reach 69.
 
The U.S. count is 691 fewer than the 942 reported one year ago and the decline includes a drop of 590 oil rigs and 102 gas drillilng rigs.
 
Oklahoma’s count stands at eleven, an increase of one rig in the past week while the state’s rig numbers compare to the 88 reported a year earlier. It was last year at this time that the state’s rig activity had showed increased signs of decline.
 
The Ardmore Woodford in Oklahoma remained at one rig while none were reported in the Arkoma Woodford. Colorado’s D-J Basin has four active rigs, same as a week ago.
 
The Granite Wash in western Oklahoma and the Texas Panhandle has only one working rigs, according to Baker Hughes Co. while there are no rigs working in the Mississippian that covers Western Oklahoma and parts of southern Kansas.

« Back to News