Rig Count

Rig Count October 6, 2017

The number of rigs exploring for oil and natural gas in the U.S. declined by four this week to 936.  That’s up from the 524 rigs that were active a year ago.

Weekly Summary: Rigs engaged in the exploration and production in the U.S. totaled 936 for the week ended October 6, 2017, down 4 from last week. Land rigs declined by 3 while the offshore rig count was flat. Rigs drilling in the inland waters lost 1 for the week.

Oil Rig Count:  The US crude oil rig count lost 2 down to 748 from September 29, – October 6, 2017.  There are 320 more rigs targeting oil than last year. Rigs drilling for oil represent 79.9 percent of all drilling activity.

Natural Gas Rig Count: The natural gas rig count which plunged to its lowest last August  fell 2 to 187. The number of rigs drilling for gas is 93 higher than last year’s level of 94.

Among major oil- and gas-producing states, Oklahoma gained three rigs and Colorado added one.

Texas lost three rigs, Pennsylvania and Wyoming lost two each, and Louiiana shed one rig.

The rest were unchanged.

The 5 most active counties in Oklahoma with rigs running, are Blaine (21), Kingfisher (18), Grady (16), Canadian (11) & Dewey (9).

Compiled and Published by GIB KNIGHT

Gib Knight is a private oil and gas investor and consultant, providing clients advanced analytics and building innovative visual business intelligence solutions to visualize the results, across a broad spectrum of regulatory filings and production data in Oklahoma and Texas. He is the founder of OklahomaMinerals.com, an online resource designed for mineral owners in Oklahoma.

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