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US drilling rig count down by 2 to 254
Kristen Nelson Petroleum News
The Baker Hughes U.S. rotary rig count dropped to 254 the week ending Sept. 11, down by two from the previous week, but still up from the 2020 low of 244 set the week of Aug. 14. That is also the lowest the rig count has been since Baker Hughes, a Houston based oilfield services company, began issuing a weekly rig count for the U.S. in 1944. Prior to this year, the low was 404 rigs in May 2016. The count peaked at 4,530 in 1981.
The Sept. 11 count was down by 632 from a year ago when it was at 886.
At the beginning of the year the count was in the low 790s, where it remained through mid-March, when it began to drop, reaching a new historic low of 374 rigs in early May and continuing to drop through the third week of August when it gained back 10 rigs.
This week’s count includes 180 rigs targeting oil, down one from the previous week and down 553 from a year ago, 71 rigs targeting gas, also down one from the previous week and down 82 from a year ago and three miscellaneous rigs, unchanged from the previous week and up three from a year ago.
Twenty-one of the holes were directional, 214 were horizontal and 19 were vertical.
Alaska count unchanged The rig count in Oklahoma (12) was up one from the previous week.
New Mexico (46), Texas (105) and West Virginia (7) were each down by one rig.
Counts in all other states remained unchanged from the previous week: Alaska (3), California (4), Colorado (5), Louisiana (37), North Dakota (9), Ohio (5), Pennsylvania (18) and Wyoming (1).
Baker Hughes shows Alaska with three active rigs Sept. 11 unchanged from the previous week and down by four from a year ago.
The rig count in the nation’s most active basin, the Permian (124), was down by one from the previous week.
- KRISTEN NELSON
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