The number of working rigs onshore in the Lower 48 U.S. states last week fell for the sixth consecutive week, and now is only seven rigs ahead of last year’s total.
Last week, 975 rigs were working in the Lower 48, down nine rigs from the previous week, according to the weekly rig survey by oilfield services firm Baker Hughes, a GE company.
|Week ended||Working rigs|
Source: Baker Hughes, a GE company
The most recent total was just seven rigs higher than one year ago, Kallanish Energy calculates, but was up 185 rigs, or 23.4% from the 790 rigs working two years ago, and 549 rigs, or 128.9% from the 426 rigs working the week ending April 1, 2016.
Looking at individual drilling areas, just two areas reported a week-to-week increase in rigs working, while eight recorded a drop in working rigs, and 16 saw no week-to-week movement in the number of rigs working.
Despite such a down week, North Dakota managed to increase by three its working-rig total, to 60. The biggest week-to-week drop in working rigs was in Texas, which saw six rigs laid down, bringing its total to 488 working rigs.
Not far behind, Colorado saw its rig total fall by four, to 30, Baker Hughes reported.
This post appeared first on Kallanish Energy News.