Rig Count

Rig Count – July 29, 2016

U.S. oil futures settled higher on Friday. On the New York Mercantile Exchange, September WTI settled at $41.60 a barrel. The U.S. oil benchmark is now down nearly 19% from its recent high of $51.23 a barrel in June.

The U.S. rotary rig count from Baker Hughes was up 1 at 463 for the week of July 29, 2016. The number of rotary rigs drilling for oil was up 3 at 374. There are 290 fewer rigs targeting oil than last year. Rigs drilling for oil represent 80.8 percent of all drilling activity. Year-over-year exploration in the U.S. is down 43.7% for oil.


The crossroads of energy information for minerals owners in Oklahoma. Where you can: See recent prices of mineral and lease transactions. Receive an offer to lease or buy your minerals.

Find relevant news stories on the most active areas, including the Scoop and Stack Plays.

Data Powered by Oseberg

Today’s E&P world is rapidly shifting towards data-driven decision making, but those decisions are only as good as the data behind them. Access Oseberg's deep, accurate, and detailed pool of insight-rich industry data with our powerful analytical and search tools and get the clearest picture of what's happening as soon as it happens.


This web site is maintained solely for the personal use of our visitors. Although we at Oklahoma Minerals have made all reasonable efforts to provide accurate information, we cannot guarantee the completeness, timeliness or accuracy of the information contained herein. Nothing in this web site contains investment advice. Any decisions based upon the information contained in this web site are the sole responsibility of the user.

Copyright © 2022 OklahomaMinerals.com

To Top
Have a question about your mineral rights? Contact us today! ➡️Free Consultation