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.