Drilling activity continues to fall
The US rig count continued to plummet, down by 60 rotary rigs with 1,339 working this week, the lowest number since the week ended June 10, 2005.
By OGJ editors
HOUSTON, Feb. 15 -- The US rig count continued to plummet, down by 60 rotary rigs with 1,339 working this week, the lowest number since the week ended June 10, 2005.
That is down from 1,773 active rigs a year ago at this period, with cuts in every category, Baker Hughes Inc. reported.
Land operations lost 55 rigs to 1,275 working this week. Inland waters activity was down 1 to 6 rigs. Offshore drilling declined by 4 rigs to 57 in the Gulf of Mexico and 58 in the whole US offshore.
The number of rigs drilling for oil dropped by 10 to 273. Those drilling for natural gas were down 50 to 1,054. There were 12 rigs unclassified. Horizontal drilling was down by 21 units to 497. Directional drilling dropped 22 to 259.
Texas had the biggest decline among major producing states, down 31 to 581 rotary rigs working. Louisiana dropped 11 to 160. California lost 5 rigs with 22 still working, while Colorado was down 4 to 69. Wyoming and New Mexico lost 3 rigs each to 53 and 50, respectively. North Dakota dropped 2 rigs to 64. Oklahoma and Alaska lost 1 rig each, for respective counts of 134 and 8. Arkansas increased by 1 rig to 51.
In other states of interest, Pennsylvania's rig count increased by 2 to 24. Utah lost 1 to 22, while West Virginia was unchanged at 27.
Canada's rig count was down 14 to 421 this week, compared with 632 working a year ago.