Rig count rises for second week

Christel Deskins

US gains 6 rigs; Midland gains 3 By Mella McEwen, MRT.com/Midland Reporter-Telegram Published 8:57 pm CDT, Friday, September 25, 2020 The Permian Basin also saw more drilling activity, adding two rigs for 125 at work in the region. Still, that’s 289 rigs below the 414 that were active in the Permian […]

US gains 6 rigs; Midland gains 3

Published


Drilling activity continues to climb from record lows, according to Baker Hughes.

The oilfield services company, which has provided a weekly rig count since the 1940s, said Friday the U.S. rig count rose six to 261 for the week, following a one-rig rise the previous week. Still, the count remains 599 rigs below the 860 at work a year earlier.

Texas also reported a second weekly increase, jumping seven rigs to 113 – down 305 from the 418 at work within the state last year. Louisiana, Ohio and Pennsylvania joined Texas as states with slightly higher rig counts  – one rig each. New Mexico lost a rig to 41.


The Permian Basin also saw more drilling activity, adding two rigs for 125 at work in the region. Still, that’s 289 rigs below the 414 that were active in the Permian last year.



Eddy County, New Mexico, remains the most active in the Permian but showed the sharpest weekly decline, losing three rigs to 22. Lea County, New Mexico, followed with 19 rigs, up one for the week.

Midland County showed the sharpest increase for the week, adding three rigs for 18 at work within the county. Martin County also had 18 rigs, down one from the previous week.


Hockley County saw renewed activity for the week with one rig going to work in the county.

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