Oil Prices Fall As U.S. Rig Count Rises For 20th Straight Week. The oil rig count rose by 11 to 733, the biggest jump in seven weeks. The count of gas rigs fell by three to 182. The count of miscellaneous rigs was unchanged at two, taking the total rig count up by eight to 916.
Texas gained 5 rigs and Oklahoma picked up 3.
By basin, the Permian added 2 rigs and now boasts 364 rigs in operation—222 rigs over a year ago. DJ-Niobrara, Utica, and Williston basins all added a rig, while Marcellus and Mississippian lost 2 and 1 respectively.
Check out our proprietary and interactive Rig Count Dashboard.
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.