Permian Basin sheds six rigs this week

The number of rigs exploring for oil and natural gas in the Permian Basin decreased six this week to 481, according to the weekly rotary rig count report released Friday by Houston-based oilfield services company Baker Hughes.

District 8, which includes Midland and Ector counties, ended the week at 285 rigs, a decrease of three.

Texas shed 13 rigs for a statewide total of 753. In other major Texas basins, there were 181 rigs in the Eagle Ford, down four; 42 in the Haynesville, down one; 41 in the Granite Wash, down two; and 25 in the Barnett, unchanged.

The Permian Basin rig count is down 9.25 percent since the beginning of the year, District 8 is down 9.24 percent and Texas is down 10.36 percent. There were 484 rigs in the Permian Basin and 839 rigs in Texas a year ago this week.

The U.S. shed 43 rigs this week, leaving a nationwide total of 1,633. There were 1,317 oil rigs, down 49; 316 natural gas rigs, up six; and zero rigs listed as miscellaneous, unchanged.

By trajectory, there were 258 vertical drilling rigs, down 12; 1,229 horizontal drilling rigs, up 24; and 146 directional drilling rigs, down seven.

The U.S. rig count was 1,777 at this time last year.

The top five basins by rig count this week were the Permian; the Eagle Ford; the Williston with 153, down 12; the Marcellus with 76, up one; and the Mississippian with 63, down five.

The top five states were Texas; Oklahoma with 193, down eight; North Dakota with 147, down nine; Louisiana with 110, up three; and New Mexico with 89, down three.

In the U.S., there were 1,568 rigs on land, down 42; 11 in inland waters, down one; and 54 offshore, unchanged. There were 53 rigs in the Gulf of Mexico, unchanged.

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Permian Basin sheds six rigs this week