The Baker Hughes rig count report shows 1026 active drilling rigs in the US as of March 15th. Oil rigs account for 833 active rigs and the gas rig count is 193. One year ago the total active land rig count was 989. Oil rigs are up 33 and gas rigs are up 4 counts compared to one year ago.
*Data from March 18, 2019, Baker Hughes Report.
|Bakken Region Total: 56
North Dakota: 56
|Rocky Mountain Total: 184
New Mexico: 106
|Central Plains Total: 111
|Gulf States Total: 68
Louisiana North: 41
Louisiana South (land & offshore): 24
|Texas Total: 498
District 1: 46
District 2: 33
District 3: 13
District 4: 10
District 5: 3
District 6: 26
District 7B: 3
District 7C: 36
District 8: 311
District 8A: 10
District 9: 2
District 10: 5
|Marcellus Total: 79
West Virginia: 19
As we review the active plays, the Permian Basin remains in the lead with the most active rigs. The Permian basin rig count is at 464 rigs, this is 17 fewer rigs than one month ago.
The Texas Railroad Commission reports the number of oil well completions in the Permian for February was 584, with 541 being new oil well completions. The number of original drilling permits issued for the Permian in February was 961, 887 of these are new drilling permits.
Moving East, the Eagle Ford shale is at 81 active rigs, down 1 from February.
There are 58 active rigs in the Haynesville shale, compared to 56 rigs one month ago.
The Anadarko rig count is at 111, down 8 rigs from February.
In the Rockies, the active rig count in the Niobrara Shale is at 70 rigs, a decrease of 2 rigs in the last month.
The Bakken Shale rig count is 56 rigs, down 1 rig from last month.
The Marcellus/Utica has 80 active rigs, which is the same count as of February.
Turning to the oil markets, since hitting a low of $55.48 bbl/d on February 25th, oil has climbed $3.90 bbl/d to close at $59.38 on March 18th. The top oil-producing plays in February were the Permian with almost 4.09 million bbl/d per day produced. The Bakken was second with 1.43 million bbl/d per day and the Eagle Ford was close behind with 1.42 million according to the Energy Information Administration.
For more detailed news and information on the oil industry please visit our oilfield news and information page.
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