Martin County passes Midland in conditions of overall rigs

Drilling action stays on an upward, if fairly flat, trend. Oilfield solutions firm Baker Hughes…

Drilling action stays on an upward, if fairly flat, trend.

Oilfield solutions firm Baker Hughes and knowledge analytics enterprise Enverus described Friday the US rig count rose six to 384, however down 406 rigs from the 790 described a 12 months back.

There were 295 rigs seeking for oil, up 6 but down 380 from the 675 drilling for oil this time final calendar year. There were being 88 rigs drilling for natural fuel, unchanged from the prior 7 days.

Texas gained 7 rigs to 182, however there are 213 much less rigs than the 395 reported a yr earlier. North Dakota, Oklahoma and Wyoming also noted greater rig counts for the 7 days.


New Mexico shed 3 rigs to 62 and was joined by Alaska as a making point out to see a slight decline in drilling exercise.

The Permian Basin rose four rigs to 192, nevertheless that is 214 rigs beneath the 406 at get the job done in the area final calendar year.

Lea County, New Mexico, stays the most energetic in the Permian with 34 rigs, down one particular for the week. Eddy County, New Mexico, follows with 28 rigs, down one particular for the week.

Martin County added two rigs for 21 at get the job done in just county lines whilst Loving County reported 19 rigs, unchanged for the 7 days. Midland County dropped just one rig to 18, and Reeves County noticed two new rigs go to perform for 15 this week.

Winker and Yoakum counties observed renewed activity for the 7 days, adding 1 rig each. Roosevelt County, New Mexico noticed no activity as its one particular rig was laid down.

In accordance to Enverus Rig Analytics, the US rely is up 9 % in the final thirty day period but continue to down 48 per cent year about calendar year,

Enverus experiences the Gulf Coast Basin drove previous week’s in general boost, introducing four energetic rigs. Two of all those new rigs are working for EOG Assets, a person every in Karnes and Gonzales counties. EOG now has seven rigs running in the basin, its biggest method because last April. EOG is the most-lively organization in the region, followed by ConocoPhillips with 4 rigs, BP with a few and Marathon Oil with a few.

Thirty day period over month, the increase has been most significant in the Permian, with 14 rigs added. Occidental elevated its rig count by a few to 12. Pioneer All-natural Means also included a few rigs and is now working 19. After a additional than a two-month drilling hiatus, Surge Functioning mobilized two rigs in the previous thirty day period.

Appalachia is also up on the month, with five added rigs putting the region’s whole at 40. Southwestern has added two rigs considering that the start of the 12 months, with 5 functioning currently. Just after working one particular rig through Q4, Antero Means increased its depend by one. Variety Methods also extra a rig in early 2021 and is now managing three.