The number of rigs working onshore in the Lower 48 U.S. states last week continued to hover around an average 760-rig mark, data from Baker Hughes Co.’s weekly rig survey reveals.
For the week ended Feb. 21, 757 rigs were working in the Lower 48, down a lone rig from the previous week, Kallanish Energy reports.
Lower 48 working-rig total climbs by a lone rig
|Week ended||Working-rig total||Change from previous week|
(Source: Baker Hughes Co.)
The 757-rig total was down 256 rigs, or 25.3%, from the year-ago total of 1,013, and was down 193 rigs, or 20.3%, from the 950 rigs working for the week ended Feb. 23, 2018. The latest total was up 31 rigs, or 4.3%, from the 726 rigs working during the week ended Feb. 24, 2017.
Examining drilling areas in the Lower 48, six areas reported a week-to-week increase in working rigs, seven additional areas recorded a drop in working rigs, and 13 drilling areas reported no week-to-week change in working rigs.
New Mexico took last week’s No. 1 spot in terms of adding rigs, adding two rigs to bring its working-rig total to 115. The biggest drop in working rigs was reported in Colorado, down two rigs to 20.
Texas, the state which by far dominates oil and gas drilling in the Lower 48, reported a steady week, with its working-rig total remaining at 396 rigs for the week ended Feb. 21.
This post appeared first on Kallanish Energy News.