rig counts

Rig counts jump onshore the US

September 22, 2011 in Blog, Industry Trends, News & Articles by

According to the weekly rig report from Baker Hughes, the number of rotary rigs actively drilling for oil and gas in the United States has increased by 27 this week.

With 1,934 rigs currently working onshore the US, the number of rigs has increase by 308 over the year, spurred by increased drilling and development in various shale plays across the nation. An overwhelming majority of the wells currently being drilled are horizontal at 1,137.

Currently, there are 1,062 rigs drilling for oil, an increase of 392 over the year. On the other hand, the number of rigs drilling for natural gas has decreased by 70 over the last year, with 912 rigs drilling for natural gas.

Texas continues to lead the pack with 895 rigs actively drilling for oil and gas in the state. Supported by activity in the Haynesville Shale, Barnett Shale, Eagle Ford Shale and Permian Basin, Texas has added 165 rigs over the last year.

Although dropping four rigs this week, the number of rigs working in Oklahoma has increased by 67 over the year to 199 active rigs. Drilling activity in Oklahoma has increased as shale plays and unconventional formations attract interest.

Rich with oil from the Bakken Shale play, North Dakota has 184 rigs actively drilling, an increase of 51 over the year.

Louisiana has 156 rigs drilling in the state. While interest in the natural gas-rich Haynesville wanes a bit due to low gas prices, emerging liquids-rich shale plays, such as the Tuscaloosa Shale, are adding rigs to the state’s line-up.

Pennsylvania, continues to support drilling activity, with 113 rigs drilling in its Marcellus Shale formation.

Another big increase over the year have been seen in California, which has jumped 21 rigs to 53 this week.

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US & Canada Rig Counts Sink In Latest Update

September 14, 2011 in Blog, News & Articles by

Both the US and Canadian rig counts posted losses for the week September 2-9, according to energy industry consulting firm Baker Hughes.

The US count decreased by 10 net rigs for a total of 1,958, or 304 rigs above 2010’s equivalent weekly count.

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Rig counts climbs again in the US

August 16, 2011 in Blog, Industry Trends, News & Articles by

The weekly rig report from oilfield services firm Baker Hughes (NYSE:BHI), shows the number of rotary drilling rigs in the United States has climbed and shows more healthy growth while the rig activity in Canada does the opposite.

The US gained 11 rigs last week, 2 offshore and 9 onshore.  Of the rigs in the US a majority (1,021) are drilling for oil and the rest (889) are drilling for natural gas.  When broken down further, most of the US wells are horizontal wells, 1,102 to be exact, there are also 570 rigs drilling vertical wells, and 244 rigs drilling directional wells.

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