The number of rigs working onshore in the Lower 48 U.S. states during the week ended Feb. 1, dropped by nine, the latest survey by oilfield services firm Baker Hughes, a GE company, reveals.
At Feb. 1, 1,018 rigs were working in the Lower 48, down from 1,027 one week earlier. The latest total was up 94 rigs, or 10.2%, from the year-ago total of 924, and was up 328 rigs, or 47.1%, from 696 rigs working during the week ended Feb. 3, 2017, Kallanish Energy calculates.
Just three drilling areas in the Baker Hughes survey reported a week-to-week increase in working rigs, while seven recorded a drop in working rigs, and 19 reported no week-to-week change in rigs working.
The biggest one-week drop in a single state was in Oklahoma, which lost four rigs, falling to 122. Texas lost three working rigs last week, dropping to 514. None of the states which added rigs last week gained more than a single rig.
This post appeared first on Kallanish Energy News.