The Baker Hughes rig count report shows 796 active drilling rigs in the US as of January 17th. The oil rig count is 673 rigs and the gas rig count is 120. One year ago the total active land rig count was 1050. Oil rigs are down 179 and gas rigs are down 78 compared to the January 2019 counts.
*Data from January 17, 2020, Baker Hughes Report.
|Bakken Region Total: 53
North Dakota: 52
|Rocky Mountain Total: 156
New Mexico: 105
|Central Plains Total: 53
|Gulf States Total: 54
Louisiana North: 31
Louisiana South (land & offshore): 23
|Texas Total: 400
District 1: 34
District 2: 32
District 3: 13
District 4: 4
District 5: 1
District 6: 16
District 7B: 2
District 7C: 29
District 8: 260
District 8A: 7
District 9: 2
District 10: 0
|Marcellus Total: 51
West Virginia: 16
In the major plays, the Permian Basin rig count is at 403 rigs. This count is up three rigs from one month ago, but down 78 rigs from one year ago.
The Texas Railroad Commission reports the number of oil well completions in the Permian for December was 264, with 251 being new oil well completions. The number of original drilling permits issued for the Permian in December was 430; 412 of these are new drilling permits.
In east Texas, the Eagle Ford shale is at 69 active rigs, up nine rigs from the December count.
The Haynesville shale rig count is at 45 rigs, down five from one month ago.
The Anadarko rig count is 53, which is an increase of three rigs since the December count.
In the Rockies, the active rig count in the Niobrara Shale is 46 rigs. The count is down three rigs over the last month.
The Bakken Shale rig count is 53 rigs, an increase of three over December.
The Appalachian has 51 active rigs, down one rig from the December count.
In the oil markets, WTI closed at $58.54 on January 17th. Since closing at $60.52 on December 24th, prices have hit a high of $63.27 on January 6th, and a low of $57.81 on January 15th. One year ago, WTI sold at $53.01. According to Hart Energy, low demand and high oil supplies are keeping prices down.
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