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2 out of every 5 rigs are in the Permian

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Written by Trevor Hawes at the Midland Reporter-Telegram

Click HERE to Read the Article by the Publisher.


The Permian Basin’s presence in the oil and gas industry continues its prominence, as the nation’s most active basin accounted for 82 percent of all rigs in Texas and 39 percent of all rigs nationwide this week.

The Permian closed the week with 235 rigs, an increase of seven, according to Baker Hughes. The counties with the most rigs in the Permian are Reeves in the Delaware subbasin, which rose three to 39, and Midland in the Midland subbasin, which was unchanged at 31.

Other counties with double-digit counts were Loving (22), Martin (22), Lea, New Mexico (15), Eddy, New Mexico (13), Upton (12), Howard (11), Culberson (10) and Reagan (10).

Hale County idled its lone rig, while Lamb added one rig after a week off from activity.

Most activity is in Railroad Commission District 8, which increased 10 rigs to 165. Seventy percent of all Permian rigs are in District 8, which lies in the center of the West Texas basin.

In other areas with activity in the Permian, District 7B was unchanged at three rigs, District 7C dropped two to 24, District 8A fell one to 14 and New Mexico was unchanged at 29.

The Permian had 217 rigs a year ago this week.

TEXAS & NEW MEXICO

Texas added seven rigs statewide for a total of 286.

The Eagle Ford in South Texas rose two to 40 rigs, far from the 71 rigs it started the year with but higher than its year low of 29 recorded the weeks ending May 27 and June 3.

The Haynesville in East Texas climbed to 26 rigs after three more rigs went online. The Haynesville’s rig count is now higher than its previous year high of 23, recorded four times, including the first week of the year.

The Granite Wash was unchanged at 11. Located in the Panhandle, the Granite Wash is one shy of its first rig count of the year.

The Barnett in North Texas added two rigs, raising its tally to four.

Texas had one rig offshore and didn’t have any listed in inland waters.

All of New Mexico’s rigs were in the Permian Basin.

At this time last year, there were 333 rigs in Texas and 40 in New Mexico.

UNITED STATES

Of the 597 rigs nationwide, 477 were searching for oil, 119 explored for natural gas and one was listed as miscellaneous. Oil rigs rose three, natural gas rigs rose one and miscellaneous rigs were unchanged.

All rigs operating offshore were in the Gulf of Mexico, which dropped one to 22. Inland water rigs lost one rig, leaving one total. Rigs on land tallied 574, up six.

By drilling trajectory, there were 485 horizontal rigs, up 10; 66 vertical rigs, unchanged; and 46 directional rigs, down six.

The U.S. had 737 rigs at this time last year.

MOST ACTIVE

Basins with the highest rig counts this week were the Permian, the Eagle Ford, the Cana Woodford (39), the Marcellus (34) and the Williston (31).

States with the most rigs were Texas, Oklahoma (81), Louisiana (48), North Dakota (31), Pennsylvania (31) and New Mexico.

CANADA AND NORTH AMERICA

Canada’s rig count hit 200 this week after 26 new rigs went online. Most rigs were searching for natural gas, which rose 20 to 98. Oil rigs rose six to 100. Canada’s miscellaneous rig count was unchanged at two. Canada topped the year-ago count of 177.

The total number of rigs operating in North America rose 30 to 797. A year ago this week, North America had 914 rigs.

The following are county-by-county Permian Basin rig counts for the week ending Dec. 2, with changes in parentheses.

DISTRICT 7B

Nolan 2

Stonewall 1

Total 3

DISTRICT 7C

Irion 2 (-1)

Reagan 10

Upton 12 (-1)

Total 24

DISTRICT 8

Andrews 6

Culberson 10 (-1)

Ector 2 (+1)

Glasscock 7

Howard 11

Loving 22 (+5)

Martin 22

Midland 31

Pecos 4

Reeves 39 (+3)

Ward 6 (+1)

Winkler 5 (+1)

Total 165 (+10)

DISTRICT 8A

Borden 1

Crosby 2

Dawson 2

Gaines 3 (-1)

Garza 1

Hale 0 (-1)

Lamb 1 (+1)

Lubbock 1

Scurry 2

Terry 2

Total 14 (-1)

NEW MEXICO

Eddy 13

Lea 15

Roosevelt 1

Total 29


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Written by Trevor Hawes at the Midland Reporter-Telegram

Click HERE to Read the Article by the Publisher.

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