Working-rig count in Lower 48 jumps by 28

The number of rigs working onshore in the Lower 48 U.S. states over the first five weeks of 2018 gained 20 total rigs.

That four-working-rigs-per-week average increase was blown out of the water last week, with 28 rigs added to the working-rig total – the biggest one-week jump since the week ended Jan. 20, 2017, when 36 rigs were added to the total.

Baker Hughes, a GE company, in its weekly rig survey, found the working-rig count jumped 3%, to 952, from 924 working the week ended Feb. 2. One year ago, 708 rigs were working onshore in the Lower 48, a more-than 34% year-to-year increase, Kallanish Energy calculates.

Looking at individual drilling areas, just one area reported a week-to-week decrease in working rigs, while 11 areas recorded an increase, and 18 drilling areas saw no week-to-week working-rig movement, Baker Hughes found.

Texas led the increase in working rigs, as the “Lone Star State” added 14 rigs last week, climbing to 478 working rigs, from 464 working rigs one week earlier.

Both North Dakota and Wyoming added four rigs week-to-week, climbing to 49 and 30 rigs, respectively.

Colorado was the only state or drilling areas that lost rigs, fall one rig, to 33 from 34 for the week ended Feb. 2.

Be the first to comment

Leave a Reply

Your email address will not be published.