Rig Count

Rig Count Update October 20, 2017

US RIG COUNT

*Oklahoma stays flat; total US count declines by 15 this week to 913*

Weekly Summary: Rigs engaged in the exploration and production in the U.S. totaled 913 for the week ended October 20, 2017, down 15 from last week.  That’s up from the 5553 rigs that were active a year ago.  Land rigs declined by 15 while the offshore rig count was flat.  Rigs drilling in the inland waters also remained flat for the week.

Oil Rig Count:  The US crude oil rig count lost 7 down to 736 from October 13, – October 20, 2017.  There are 293 more rigs targeting oil than last year. Rigs drilling for oil represent 80.6 percent of all drilling activity.

Natural Gas Rig Count: The natural gas rig count – which plunged to its lowest last August – fell 8 to 177.  The number of rigs drilling for gas is 69 higher than last year’s level of 108.

Among major oil- and gas-producing states, Texas lost eight rigs, Alaska and Wyoming each declined by two and New Mexico and Utah each lost one.

The rest were unchanged. The 5 most active counties in Oklahoma with rigs running, are Blaine (20),  Grady (19), Kingfisher (17), , Canadian (11) & Garvin (10).

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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