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Weekly US rotary rig count up by 2 to 440
Kristen Nelson Petroleum News
The Baker Hughes U.S. rotary drilling rig count, 440 on April 30, was up by two from 438 the previous week and up by 32 from a count of 408 a year ago.
When the count bottomed out at 244 in mid-August last year, it was not just the low for 2020, but the lowest the 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 when it gained back 10 rigs.
The April 30 count includes 342 rigs targeting oil, down by one from the previous week and up by 17 from 325 a year ago, 96 rigs targeting gas, up by two from the previous week and up by 15 from 81 a year ago, and two miscellaneous rigs, up by one from the previous week and unchanged from a year ago.
Twenty-three of the holes reported April 30 were directional, 398 were horizontal and 19 were vertical.
Alaska unchanged from previous week Louisiana (49) was up by two rigs from the previous week; Texas (212) was up by one.
New Mexico (70) was down by a single rig.
Counts in all other states were unchanged from the previous week: Alaska (3), California (7), Colorado (10), North Dakota (15), Ohio (10), Oklahoma (21), Pennsylvania (18), Utah (8), West Virginia (11) and Wyoming (4).
Baker Hughes shows Alaska with three rigs active April 30, unchanged from the previous week and unchanged from a year ago, when the state’s count also stood at three.
The rig count in the Permian, the most active basin in the country, was down by two from the previous week at 224 and up by five from a count of 219 a year ago.
- KRISTEN NELSON
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