Rig count falls in Texas, Colorado

Rig count falls as activity dips in North Dakota’s Bakken shale July 26, 2019 chron Leave a Comment By Jordan Blum Published 12:31 pm CDT, Friday, July 26, 2019 This oil drilling rig is near Watford City, N.D. Bakken output is set to exceed the December 2014 record of 1.23 million barrels a day in the first half of 2018, a state official says.

Texas has seen a net loss of about 50 rigs in the past six months, while the U.S. count has fallen by about 90 rigs since. New Mexico lost one, to 104 and Oklahoma was flat on 102. Only Colorado,

International rig count, which excludes the US and Canada, is up 12 to 1,039 for the month of March 2019 and is 67 rigs (6.9%) higher than last year’s 972 rigs. The number of rotary rigs targeting oil in March was 824 up 7 from February and is 71 (9.4%) higher than last year.

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Working-rig count falls below 1,000 March 11, 2019 Company News , Crude Oil , Natural Gas , News , North America , Onshore , Rig Count , Unconventionals 0 The number of rigs working onshore in the Lower 48 U.S. states last week fell below the 1,000-rig mark for the first time since late April 2018, data from oilfield services firm Baker Hughes.

US oil drillers idled four rigs last week, while the number of natural gas rigs climbed by seven, bringing the combined rig count to 984, according to Baker Hughes. Drillers deployed rigs in Texas.

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Louisiana’s rig count dropped by 4 units to reach 68. Texas dropped a single unit from a week ago to reach 463 rigs working. Eight states remained unchanged this week. These were North Dakota, 55;.

Colorado, North Dakota, Pennsylvania and Texas each lost one. Arkansas, California, New Mexico, Ohio, Utah and West Virginia were unchanged. The U.S. rig count peaked at 4,530 in 1981. It bottomed out.

The count in Kansas, according to the Red top rig report published by the Independent Oil and gas service increased by 3 to reach 31. Louisiana’s count dropped by 4 to 68 wile the number of rigs in Texas slipped one to 463. north dakota remained at 55 while Colorado stayed at 29 and Wyoming was unchanged with 32 working rigs.

Rig count falls by seven; Texas loses one and Louisiana four. Colorado, North Dakota, Pennsylvania and Texas each lost one. By major basin, the West Texas-New Mexico Permian Basin lost two rigs to settle 474. South texas’ eagle ford, the nation’s second-most active oil and gas field, was flat at 82. The east texas-louisiana haynesville lost one rig to 53.