Rig Count

Rig Count July 14, 2017

After reaching back into positive territory last week, the total US Rig Count remained flat this week, with 952 active rigs and is showing signs of plateauing.

*U.S. TOTAL RIG COUNT FLAT AT 952

*U.S. OIL RIG COUNT UP 2 TO 765

*U.S. GAS RIG COUNT DOWN 2 TO 187

Among major oil- and gas-producing states, Texas gained three rigs, Utah increased by two and Colorado and North Dakota each increased by one. Alaska,

*U.S. TOTAL RIG COUNT FLAT AT 952 *U.S. OIL RIG COUNT UP 2 TO 765 *U.S. GAS RIG COUNT DOWN 2 TO 187 Among major oil- and gas-producing states, Texas gained three rigs, Utah increased by two and Colorado and North Dakota each increased by one. Alaska,

*U.S. OIL RIG COUNT UP 2 TO 765 *U.S. GAS RIG COUNT DOWN 2 TO 187 Among major oil- and gas-producing states, Texas gained three rigs, Utah increased by two and Colorado and North Dakota each increased by one. Alaska,

*U.S. GAS RIG COUNT DOWN 2 TO 187 Among major oil- and gas-producing states, Texas gained three rigs, Utah increased by two and Colorado and North Dakota each increased by one. Alaska,

Among major oil- and gas-producing states, Texas gained three rigs, Utah increased by two and Colorado and North Dakota each increased by one.

Alaska, Louisiana, and Oklahoma each declined by two. and the rest were unchanged.

The 5 most active counties in Oklahoma with rigs running are Blaine (23), Kingfisher (19), Grady (10), Canadian (8), and Garvin (8).

U.S. West Texas Intermediate (WTI) crude futures ended Friday’s session up 46 cents to $46.54 per barrel, which is a rise of 5.2% this week over last weeks Friday close of $44.23 per barrel.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404

Compiled and Published by GIB KNIGHT

Gib Knight is a private oil and gas investor and consultant, providing clients advanced analytics and building innovative visual business intelligence solutions to visualize the results, across a broad spectrum of regulatory filings and production data in Oklahoma and Texas. He is the founder of OklahomaMinerals.com, an online resource designed for mineral owners in Oklahoma.

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