Number of active U.S. oil drilling rigs declines this week
Topics: U.S. OIL
According to Baker Hughes, these active drilling rigs included 677 oil rigs operating in the U.S. oil fields, down by eight from the previous week, 125 gas drilling rigs and three miscellaneous rigs, both unchanged from last week.
The 805 rigs include 781 land drilling rigs, down by seven from the previous week, 23 offshore drilling rigs, down by one, and the only inland waters drilling rig which remained unchanged from last week.
Of them, 53 are directional drilling rigs, 703 are horizontal drilling rigs and 49 are vertical drilling rigs.
During the week, the number of drilling rigs increased the most in the state of New Mexico by two to 105, while Texas is the only state seeing a decline by 14 to 404.
The number of horizontal drilling rigs in the country decreased by three this week and 242 year-on-year, while that of vertical rigs fell by seven this week and 19 year-on-year. The only gain in the week are two directional drilling rigs, and the count of directional drilling rigs in the United States was down 17 year-on-year.
By far, the Permian Basin in western Texas and eastern New Mexico has been the largest source of shale oil production growth in the United States, which has become an engine of supply growth outside the Organization of the Petroleum Exporting Countries in the past years. ■