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US rig count stays steady, up by one to 255
Kristen Nelson Petroleum News
The Baker Hughes U.S. rotary rig count grew by one, rising to 255 the week ending Sept. 18, up marginally from the 2020 low of 244 set the week of Aug. 14, the lowest the rig count 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.
The Sept. 17 count was down by 613 from a year ago when it was at 868.
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 179 rigs targeting oil, down one from the previous week and down 540 from a year ago, 73 rigs targeting gas, up two from the previous week and down 75 from a year ago and three miscellaneous rigs, unchanged from the previous week and up two from a year ago.
Twenty-three of the holes were directional, 215 were horizontal and 17 were vertical.
Alaska count unchanged The rig counts in Louisiana (38), Texas (106) and West Virginia (8) were each up one from the previous week.
New Mexico (43) was down by three rigs.
Counts in all other states remained unchanged from the previous week: Alaska (3), California (4), Colorado (5), North Dakota (9), Ohio (5), Oklahoma (12), Pennsylvania (18) and Wyoming (1).
Baker Hughes shows Alaska with three active rigs Sept. 17 unchanged from the previous week and down by five from a year ago.
The rig count in the nation’s most active basin, the Permian (123), was down by one from the previous week.
- KRISTEN NELSON
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