U.S. Rig Count Sees Record 21st Consecutive Weekly Gainby Will Brackett
The U.S. drilling rig count increased for the record 21st consecutive week, oilfield services firm Baker Hughes reported on Friday June 9. Overall, the U.S. rig count rose by 11 to 927, a total that is more than double the 414 rigs that were active at this time a year ago.
The count of rigs exploring for crude oil rose by 8, while those exploring for natural gas increased by 3.
Among major U.S. states, the big gainers during the week were Oklahoma, which rose by 5, and New Mexico, which gained 4 rigs. Texas saw the biggest decline of the week, losing 3 rigs.
For major U.S. basins, the Permian and Cana Woodford were the biggest gainers of the week, with each adding 4 rigs. The Eagle Ford was the biggest decliner of the week, losing 2 rigs.
Looking at the leading counties, the top five are all located in the Permian. Texas’ Reeves Count continues to be the hotbed of drilling in the U.S., with 61 active rigs during the week, a total that is 23 more than second-place Midland County, Texas.