Midland County idles 1 rig this week

By: 
Associated Press
Staff Writer

Midland County’s rig count has fallen four consecutive weeks.

On Thursday, oilfield services company Baker Hughes reported the nation’s most-active county idled one rig, bringing Midland County to 25 rigs.

This week’s rig counts were released a day early because of the Good Friday holiday.

The Permian Basin fell five rigs this week to 147. For areas active in the Permian, there was one rig in District 7B, unchanged; 21 in District 7C, down three; 101 in District 8, down three; 11 in District 8A, unchanged; and 13 in New Mexico, up one. The Texas total was 134, down six.

The Permian had four counties in double-digits: Midland, Reeves (19), Loving (18) and Upton (15).

Lynn County saw new activity with one rig this week.

At this time last year, the Permian had 290 rigs.

TEXAS AND NEW MEXICO

Texas is approaching fewer than 200 rigs, but it’s not there yet. This week, eight rigs were idled in the Lone Star State, leaving a total of 209 rigs statewide.

The Eagle Ford was down four rigs to 41 this week, a distant departure from its 137 rigs a year ago.

The Haynesville and Granite Wash were unchanged at 14 and eight rigs, respectively. The Barnett rose to six after two rigs were put online.

Texas had two rigs offshore, unchanged. There weren’t any rigs in operation in inland waters.

New Mexico added one rig this week, lifting its statewide total to 14.

A year ago this week, Texas had 462 rigs and New Mexico had 51.

UNITED STATES

Nationwide, oil rigs fell but natural gas rigs gained.

The number of rigs exploring for oil fell 15 to 372, while those searching for natural gas rose three to 92.

In total, there were 464 rigs in the U.S., down 12. The offshore and inland waters rig counts each rose one to 28 and four, respectively. Twenty-seven rigs were operating in the Gulf of Mexico. The number of rigs operating on land fell 14 to 432.

By drilling trajectory, there were 53 vertical rigs, down five; 359 horizontal rigs, down 10; and 52 directional rigs, up three.

The U.S. had 1,048 rigs a year ago this week.

MOST ACTIVE

The top counties by number of active rigs in the Permian Basin this week were Midland, Reeves, Loving, Upton, Glasscock (7) and Martin (7).

The top basins nationwide were the Permian; the Eagle Ford; the Cana Woodford and Williston with 31 each; and the Marcellus with 30.

The top states were Texas; Oklahoma (63); Louisiana (51); North Dakota 31; and Pennsylvania (18).

CANADA AND NORTH AMERICA

Canada idled 14 rigs this week, leaving 55 nationwide. There were 44 natural gas rigs, down 14. The number of oil rigs fell one to 11. Canada had 120 rigs a year ago this week.

The total number of rigs in the North America region fell 26 to 519. At this time last year, there were 1,168 rigs in North America.

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