The Baker Hughes rig count report shows 987 active drilling rigs in the US as of May 17th. Oil rigs account for 802 active rigs and the gas rig count is 185. One year ago the total active land rig count was 1046. Oil rigs are down 42 and gas rigs are down 15 compared to the counts one year ago.
*Data from May 17, 2019, Baker Hughes Report.
|Bakken Region Total: 56
North Dakota: 56
|Rocky Mountain Total: 176
New Mexico: 103
|Central Plains Total: 103
|Gulf States Total: 67
Louisiana North: 35
Louisiana South (land & offshore): 28
|Texas Total: 480
District 1: 34
District 2: 35
District 3: 12
District 4: 13
District 5: 4
District 6: 25
District 7B: 3
District 7C: 31
District 8: 303
District 8A: 16
District 9: 1
District 10: 3
|Marcellus Total: 80
West Virginia: 20
Looking at the major plays, the Permian Basin rig count is at 457. This count is down 12 rigs from one month ago, but up 12 from one year ago.
The Texas Railroad Commission reports the number of oil well completions in the Permian for April was 208, with 184 being new oil well completions. The number of original drilling permits issued for the Permian in April was 404, 383 of these are new drilling permits.
In east Texas, the Eagle Ford shale is at 83 active rigs, down 3 from one month ago.
The Haynesville shale rig count is at 59 rigs, compared to 64 rigs one month ago.
The Anadarko rig count is at 114, down 7 rigs from April.
In the Rockies, the active rig count in the Niobrara Shale is at 66 rigs, a decrease of 2 rigs in the last month.
The Bakken Shale rig count is 56 rigs, compared to 61 rigs one month ago.
The Appalachian has 80 active rigs, which is the same count as of April.
The Energy Information Administration released the monthly Drilling Productivity Report on May 13th. In April, the Anadarko, Bakken and Niobara regions all broke records for new-well production per rig.
The Appalachian, the Eagle Ford, the Niobara, and the Permian Basin regions all hit new highs in total oil production in the month of April.
In the oil markets, WTI closed at $62.76 on May 17th. Since hitting a high of $66.30 on April 23rd, prices have dipped to a low of $61.04 on May 13th. One year ago, WTI was at $72.24.
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