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Providing coverage of Alaska and northern Canada's oil and gas industry
October 2020

Vol. 25, No.40 Week of October 04, 2020

US rotary rig count adds six, now at 261

Kristen Nelson

Petroleum News

The Baker Hughes U.S. rotary rig count stood at 261 for the week ending Sept. 25, up by six from 255 the previous week but down by 599 from 860 a year ago.

The count hit 244 the week of Aug. 14, the lowest it has been since the Houston based oilfield services company began issuing a weekly U.S. rig count in 1944.

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

At the beginning of the year the count was in the low 790s, 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 when it gained back 10 rigs.

This week’s count includes 183 rigs targeting oil, up four from the previous week and down 530 from a year ago, 75 rigs targeting gas, up two from the previous week and down 71 from a year ago and three miscellaneous rigs, unchanged from the previous week and up two from a year ago.

Twenty-one of the holes were directional, 224 were horizontal and 16 were vertical.

Alaska count down by one

The rig count for Texas, which has the most active rigs at 113, was up seven from the previous week, although still down 305 from a year ago.

Louisiana (39), Ohio (6) and Pennsylvania (19) were each up one from the previous week.

New Mexico (41) was down by two rigs.

Alaska (2) and West Virginia (7) were each down by one rig.

Counts in all other states remained unchanged from the previous week: California (4), Colorado (5), North Dakota (9), Oklahoma (12) and Wyoming (1).

Baker Hughes shows Alaska with two active rigs Sept. 25 down by one from the previous week and down by six from a year ago.

The rig count in the nation’s most active basin, the Permian (125), was up by two from the previous week.

- KRISTEN NELSON






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