New Mexico could overtake Oklahoma as No. 2
Drilling activity resumed its fall this week, more than wiping out the increase seen last week according to Baker Hughes.

A net 14 rigs shut down in the week, leaving 1,045 rigs operational. Thirteen land-based rigs came offline, while one offshore rig stopped drilling and inland waters activity stayed flat.

The rise of the Permian means New Mexico may soon be the second-most popular state for drilling. Oklahoma, which has held this spot for most of the past decade, currently has 122 active rigs, compared to 112 in New Mexico. This is the smallest difference between the states since early 2000. The surge in New Mexico rig counts has been driven wholly by the Permian, as only three out of t...

Legal Notice