The number of rigs working onshore in the Lower 48 U.S. states last week maintained its downward stride, falling for the 14th straight week, and the 24th of the last 26 weeks, Kallanish Energy calculates.
For the week ended Oct. 4, 823 rigs were working, down six rigs from the previous week, according to Baker Hughes, a GE company’s weekly working-rig survey.
Working-rig count continues falling
|Week ended||Rigs working||Change from previous week|
(Source: Baker Hughes, a GE company)
The 823 total was down 199 rigs, or 19.5%, from the 1,022 rigs working one year ago. The latest total was down 85 working rigs, or 9.4%, from the 908 rigs working during the week ended Oct. 6, 2017.
Three years ago, just 493 rigs were working, with the latest 823 total up 330 rigs, or 66.9%.
Looking at individual drilling areas, seven reported a week-to-week increase in working rigs, 10 recorded a drop in working rigs, and 15 areas reported no week-to-week change in the working-rig total.
The biggest week-to-week increase in working rigs was in Oklahoma, which added four rigs and raised its total to 113. The biggest drop was in Texas, down four working rigs, to 414.
This post appeared first on Kallanish Energy News.