The number of rigs working in the Lower 48 U.S. states last week rose by a single rig following three consecutive weeks of falling numbers, data from Baker Hughes, a GE company reveals.
For the week ended June 28, 931 rigs were working in the Lower 48, up a lone rig from one week earlier, but down 85 rigs, or 8.4%, from the year-ago total of 1,016, Kallanish Energy reports. In the previous three weeks, 15 rigs were laid down, according to Baker Hughes data.
The latest total also was up just 20 rigs, or 2.2%, from June 30, 2017, total of 911, but was up 530 rigs, or 132.2%, from the 401 rigs working during the week ended July 1, 2016.
Working-rig total climbs by one
|Week ended||Working-rig total||Change from previous week|
(Source: Baker Hughes, a GE company)
Looking at individual drilling areas, six area reported a week-to-week drop in working rigs, seven recorded an increase in working rigs, and 13 drilling areas reported no week-to-week change in the number or rigs working.
The biggest week-to-week increase in working rigs from a statewide perspective was in Oklahoma, which added two rigs and, as of last Friday, had 102 rigs working within its borders.
The biggest week-to-week drop in working rigs was in Colorado, down two rigs, to 29, from 31 working the week of June 21.
Texas, which dominates U.S. drilling in terms of working rigs, gained one rig last week from the previous week, rising to 462, from 461 one week earlier.
This post appeared first on Kallanish Energy News.