The number of rigs working onshore in the Lower 48 U.S. states dropped last week for the 11th consecutive week, and the 21st week of the last 23, Kallanish Energy calculates.
The weekly Baker Hughes, a GE company working-rig survey for the week ended Sept. 13, found 854 rigs working, down 10 rigs from the previous week.
Working-rig count keeps slip-sliding away
|Week ended||Rigs working||Change from previous week|
(Source: Baker Hughes, a GE company)
The latest total was down 170 rigs, or 16.6%, from the year-ago total of 1,024, was down 57 rigs, or 6.3%, from the 911 rigs working during the week ended Sept. 15, 2017.
The 854 total was a huge 377-rig, 79.0%, increase over the 477 rigs working during the week ended Sept. 16, 2016, Kallanish Energy determines.
Looking at individual drilling areas, six reported a week-to-week increase in working rigs, while 11 recorded a drop in rigs, and another 11 areas recorded no week-to-week change.
The biggest one-week jump in working rigs was in Pennsylvania, up two rigs, to 36 from 34. The biggest drop by far was in Texas, down a sharp seven rigs, to 430 from 437.
This post appeared first on Kallanish Energy News.