Most states, basins see shifting activity By Richard Rostad, analyst, Oil & Gas 360 Drilling activity fell slightly this week, continuing an overall decline that has prevailed for most of 2019 according to Baker Hughes. A net one rig came offline this week, the smallest change in nearly two months. There are currently 990 rigs drilling in the country, the
First time below 1,000 since March 2018 By Richard Rostad, analyst, Oil & Gas 360 Drilling activity fell sharply today continuing the overall downward trend according to Baker Hughes’ Weekly Rig Count. A net 21 rigs shut down in the week, the largest decline since mid-January. This week’s drop has pushed the U.S. rig count below 1,000 rigs, the first
U.S. drilling up two, Louisiana adds four By Richard Rostad, analyst, Oil & Gas 360 Drilling activity rose in the U.S. this week, marking the second week of modest increases in a row, according to Baker Hughes. A net two rigs began drilling in the U.S. in the week, bringing the national total to 1,051 rigs. Land activity declined by
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
Louisiana rig count falls by four Drilling activity declined in the U.S. this week, extending the drop seen last week, according to the Baker Hughes Weekly Rig Count. A net three rigs shut down this week, meaning there are 1,076 drilling rigs currently active in the country. One land-based rig came offline, while two offshore rigs shut down. This leaves
Texas adds three in sedate week Rig counts increased slightly this week, reinforcing the major increase seen last week, according to Baker Hughes Weekly Rig Count. A net one rig began operations this week, meaning there are 1,082 rigs active in the U.S. One land and one offshore rig began operations, while one inland waters rig shut down. There are
Activity breaks out of five-month equilibrium Drilling activity increased sharply this week, reaching another post-downturn high, according to the latest edition of Baker Hughes’ Weekly Rig Count. A net 14 rigs began drilling this week, meaning there are now 1,081 rigs active in the U.S. This represents a decisive break from the past five months, when rig counts hovered around
1,063 rigs is highest level since March 2015 Drilling activity increased relatively rapidly this week, according to the latest edition of Baker Hughes’ Weekly Rig Count. A net 11 rigs came online this week, the largest single-week increase since early August. There are a total of 1,063 rigs running in the U.S., the highest since March 2015. This also marks
Shifts run contrary to established trends Drilling activity bucked the historical trend this week, with unusual activity shifts according to Baker Hughes’ Weekly Rig Count. A net two wells shut down this week, leaving 1,052 rigs still operating. The current activity level appears to be at a rough equilibrium, and it has held steady around 1,050 rigs since early May.
Two rigs shut down, leaving 1,053 Drilling activity fell slightly this week but remained near equilibrium, according to the latest edition of Baker Hughes’ Weekly Rig Count. A net two rigs shut down in the week, meaning there are now 1,053 rigs actively drilling in the country. Both of these rigs were land-based, inland waters and offshore activity was unchanged.
Activity continues to hover near 1,050; South Dakota adds first rig since before the downturn Drilling activity rose in the U.S. once again this week, according to the latest edition of Baker Hughes Weekly Rig Count. A net seven rigs began drilling in the week, spread between land, inland waters and offshore operations. Four land-based rigs came online, in addition
Activity continues to hover near 1,050 rigs Drilling activity increased in the U.S. this week partially reversing last week’s decline according to the latest edition of Baker Hughes Rig Count. A net four rigs began drilling this week, bringing the national total to 1,048 active rigs. Three new rigs were land based, while one is inland waters. Offshore rigs were
