Rig count: Texas up by 8 in spite of lower oil prices

In the USA, rig count for oil was up by 21, down by 2 for natural gas

Despite the dip in oil prices last week, the Texas rig count increased according to Houston-based Baker Hughes, with the Permian Basin gaining three.

US rig count up this week, according to Baker Hughes.

Texas gained a total of eight, jumping to 374. The United States increased by 19 this week, mostly on gains in Texas (up 8 to 374) and Louisiana (up 7 to 76), rising to 876 in total.

The Permian Basin total rig count increased to 245, the Eagle Ford to 100, the Williston to 70 (up 1), the Marcellus with 59 (unchanged), and the Cana Woodford to 33 (up 2), East Texas basin to 29 (up 3), 18 in the Granite Wash (up 1), and the Barnett was unchanged at 8.

According to Baker Hughes, the total rig count for North America region was 1,076, an increase of 27 (compared to 2,778 rigs in North America a year ago). The Canadian rig count rose to 200 (up 8), including 98 oil rigs (unchanged), 102 natural gas rigs, (up 8). The Canadian rig count was 395 at this time last year.

In the Permian Basin, District 8 increased to 148 (up 4), Midland County had 34 rigs (up 3), and Ector County finished the week with 3 rigs (down 1), and District 7C idled dropped to 35 (down 2).

The Permian Basin had 555 rigs at this time last year.

New Mexico ended the week with 51 rigs (up 1).

There were 886 rigs in Texas and 94 in New Mexico at this time last year.

There were 841 rigs on land (up 17), 4 in inland waters (up 2), and 31 offshore (unchanged), and 31 in the Gulf of Mexico (unchanged).

In the United States, 659 rigs were searching for oil (up 21), 216 for natural gas (down 2), and there was one miscellaneous rig in Sonoma County, California.

By drilling trajectory, there were 131 vertical rigs (up 8); 662 horizontal rigs (up 12), and 83 directional rigs (down 1).

There were 1,883 rigs in the U.S. a year ago this week.