NOW READ OUR ARTICLES IN 40 DIFFERENT LANGUAGES.
HOME PAGE SUBSCRIPTIONS, Print Editions, Newsletter PRODUCTS READ THE PETROLEUM NEWS ARCHIVE! ADVERTISING INFORMATION EVENTS PAY HERE

Vol. 27, No.21 Week of May 22, 2022
Providing coverage of Alaska and northern Canada's oil and gas industry

US drilling rig count up by 9 to 714

Click here to go to the full PDF version of this issue, with any maps, photos or other artwork that appears in some of the articles.

Kristen Nelson

Petroleum News

The Baker Hughes’ U.S. rotary drilling rig count was 714 on May 13, up by nine from the previous week and up by 261 from 453 a year ago.

When the count dropped to 244 in mid-August 2020 it was the lowest the domestic rotary rig count has been since the Houston based oilfield services company began issuing weekly U.S. numbers in 1944.

Prior to 2020, the low was 404 rigs in May 2016. The count peaked at 4,530 in 1981.

The count was in the low 790s at the beginning of 2020, where it remained through mid-March, when it began to fall, dropping below what had been the historic low in early May with a count of 374 and continuing to drop through the third week of August 2020 when it gained back 10 rigs.

The May 13 count includes 563 rigs targeting oil, up by six from the previous week and up 211 from 362 a year ago, with 149 rigs targeting gas, up by three from the previous week and up 49 from 100 a year ago, and two miscellaneous rigs, unchanged from the previous week and up by one from a year ago.

Thirty-eight of the rigs reported May 13 were drilling directional wells, 651 were drilling horizontal wells and 25 were drilling vertical wells.

Alaska rig count unchanged

Oklahoma (57) was up by four rigs from the previous week.

Colorado (16), Louisiana (63), North Dakota (36), Texas (345), Utah (13) and Wyoming (16) were each up by a single rig.

Kansas (0) dropped the single rig working in the state the previous week.

Rig counts in all other states were unchanged week over week: Alaska (8), California (7), New Mexico (98), Ohio (12), Pennsylvania (25) and West Virginia (14).

Baker Hughes shows Alaska with eight rotary rigs active May 13, unchanged from the previous week and up by four from a year ago, when the state’s rig count stood at four.

The rig count in the Permian, the most active basin in the country, was unchanged from the previous week at 335 and up by 104 from 231 a year ago.

- KRISTEN NELSON



Print this story | Email it to an associate.






Petroleum News - Phone: 1-907 522-9469
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E

This story has 435 words, takes 1 min. to speedread and it is 1245 pixels high.