Rig Count

Rig Count Update November 22, 2017

US RIG COUNT

Due to Thanksgiving, the rig count report by Baker Hughes which normally comes out on Friday, came out last Wednesday, November 22nd, which coincidentally marked the 54th anniversary of the assassination of John F. Kennedy.

The number of active drilling rigs jumped up for the third straight week, but the increase of rigs is exclusive to those seeking oil.

That contrasts sharply with last week when seven rigs were added and they were all drilling for natural gas.

Among major oil- and gas-producing states, Wyoming gained four rigs while Colorado, Louisiana, New Mexico and Texas were up one apiece.

Utah declined by one.

Alaska, Arkansas, California, North Dakota, Ohio, Oklahoma, Pennsylvania and West Virginia were unchanged.

The most active counties in Oklahoma with double-digit rigs running are Grady (28), Canadian (17), Blaine (16), and Kingfisher (16).

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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