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Baker Hughes US rig count up by 7 to 563
Kristen Nelson Petroleum News
For the week ending Nov. 19, the Baker Hughes U.S. rotary drilling rig count was 563, up by seven rigs from the preceding week and an increase of 253 from 310 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 Nov. 19 count includes 461 rigs targeting oil, up seven from the previous week and up 230 from 231 a year ago, with 102 rigs targeting gas, unchanged from the previous week and up 26 from 76 a year ago, and no miscellaneous rigs, unchanged from one the previous week and down by three from a year ago.
Thirty-six of the rigs reported Nov. 19 were drilling directional wells, 506 were drilling horizontal wells and 22 were drilling vertical wells.
Alaska rig count unchanged Texas (271) was up seven rigs from the previous week.
New Mexico (83) was up by two rigs and West Virginia (11) was up by a single rig.
Ohio (10) was down two rigs from the previous week.
Rig counts in all other states were unchanged week over week: Alaska (6), California (10), Colorado (12), Louisiana (49), North Dakota (23), Oklahoma (44), Pennsylvania (18), Utah (9) and Wyoming (15).
Baker Hughes shows Alaska with six rigs active Nov. 19, unchanged from the previous week and up by three from a year ago, when the state’s rig count stood at three.
The rig count in the Permian, the most active basin in the country, was up by six from the previous week at 278 and up by 122 from 156 a year ago.
- KRISTEN NELSON
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