Rig count rising in the Permian Basin

Rigzone reported on the latest rig count and according to the latest weekly report, the Permian Basin led the pack in new rigs this past week adding 6 new rigs. In total 14 new oil and 1 gas rig were added to the count bringing the total to 796.

US Adds 15 Oil, Gas Rigs

by   Valerie Jones|Rigzone Staff|Friday, January 17, 2020

US Adds 15 Oil, Gas Rigs

The U.S. rig count increased for the first time this year as the nation added 14 oil rigs and one gas rig.

The U.S. rig count increased for the first time this year as the nation added 14 oil rigs and one gas rig, according to weekly data from Baker Hughes Co.

This week’s additions offset last week’s loss of 15 rigs and puts the U.S.’ total number of active rigs at 796. This is 254 fewer than the count of 1,050 one year ago.

Texas added five rigs, more than any other state this week. Alaska, New Mexico and North Dakota each tacked on three rigs, while Oklahoma, Utah and Wyoming added one rig apiece.

Louisiana idled one rig this week.

Among the major basins, the Permian added the most rigs, at six. The Permian currently has 403 active rigs, accounting for more than half of the nation’s total.

The Eagle Ford and Williston added two rigs apiece and the Ardmore Woodford added one unit.

The Granite Wash idled one rig.

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