US Rig Counts Increase By Four; Plus Five for Natural Gas, Minus One for Oil
The US drilling rig count climbed by 4 units during the week ended Jan. 25, with the total number of rotary rigs reaching 1,753, Baker Hughes Inc. reported. This compares with 2,008 rigs working in the comparable week last year.
Rigs targeting natural gas climbed by 5 units to 434. Rigs drilling for oil fell by 1 unit to 1,315. There were 4 rigs unclassified, unchanged from a week ago.
Rigs drilling directionally were reported at 181, up 1 unit from a week ago and 36 fewer than the comparable week last year. The number of rigs drilling horizontally held constant at 1,127. This compares with 1,185 rigs drilling horizontally in the comparable week a year ago.
Of the major oil and gas producing states, Texas was up 6 units to 819; Oklahoma, up 8 to 190; Colorado, up 4 to 55; and Louisiana, up 3 to 109.
Alaska was down by 5 to 6 rigs working while West Virginia’s count dipped by 3 rigs to 24 rigs working. Meanwhile, North Dakota was down 1 rig to 178 total, and Pennsylvania was down 1 rig to 70 rigs total.
States showing no change for the week were Arkansas at 17; California, 31; New Mexico, 79; and Wyoming, 48.
Why would you think that? They're wrong on estimated recoverable amounts of oil aren't they? Or do you believe some body who's NOT affiliated with the state? Does the word "cherry pick" mean anything to you? Don't bother to answer, I already know it.