The Baker Hughes Rig Count shows 1071 active drilling rigs in the US as of December 14th. This is a decrease of 11 rigs from the November 16th count, and an increase of 141 rigs compared to December 2017.
*Data from December 14, 2018, Baker Hughes Report.
|Bakken Region Total: 53
North Dakota: 50
|Rocky Mountain Total: 179
New Mexico: 105
|Central Plains Total: 142
|Gulf States Total: 68
Louisiana North: 32
Louisiana South (land & offshore): 32
|Texas Total: 531
District 1: 46
District 2: 29
District 3: 19
District 4: 13
District 5: 4
District 6: 28
District 7B: 1
District 7C: 43
District 8: 321
District 8A: 19
District 9: 1
District 10: 7
|Marcellus Total: 73
West Virginia: 12
The Permian Basin continues to be the most active drilling region. The latest count shows 486 active rigs in the Permian, compared to 493 rigs one month ago.
The Texas Railroad Commission reports the number of well completions in the Permian for November was 374. The number of original drilling permits issued for the Permian in November was 437, 414 of these are new drilling permits.
The Eagle Ford shale is at 81 active rigs, up 2 from the November count of 79.
There are 50 active rigs in the Haynesville shale, compared to 51 rigs one month ago.
The Anadarko rig count is at 140, down 6 rigs from November.
In the Rockies, the active rig count in the Niobrara Shale is at 68 rigs, a gain of 3 rigs, since November.
The Bakken Shale rig count is 50 rigs, down 5 from 1 month ago.
The Marcellus/Utica has 73 active rigs, which is 2 less than the November count of 75.
The WTI price closed at $51.20 on December 14. The decline in price is attributed to an oversupply of crude on the market. Prices may continue to decline as supplies remain abundant. In the most recent drilling productivity report, the Energy Information Administration estimated that US oil production would increase by 134,000 barrels a day from December to January, reaching 8.17 million barrels a day.
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