New Mexico rig count exceeds Oklahoma’s for first time in at least 28 years
By Richard Rostad, analyst, Oil & Gas 360

Drilling activity decreased in the U.S. this week, according to the latest edition of Baker Hughes Weekly Rig Count.

A net three rigs shut down in the week, leaving 1,022 rigs active in the country. Four land-based rigs came offline, while one offshore rig began drilling. This week’s shift once again pushes land drilling below the 1,000 rig milestone, as 996 rigs are currently operating.

Drillers shifted away from gas this week, with five gas-targeting rigs coming offline. Two oil rigs started drilling in the week, so there are now 833 oil and 189 gas-targeting rigs in the country.

Shifts strongly favored di...

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