Aug. 31–The number of drilling rigs in the U.S. increased by four while Texas stayed flat.
The rig count increased to 1,048 in the U.S., with the new drilling rigs evenly split between oil and gas exploration. The count is 105 more than the 943 reported a year ago, according to data compiled by oil service company Baker Hughes.
The Permian Basin in West Texas gained a rig to grow to 486 rigs operating, up 106 from the 380 operating a year ago. South Texas’ Eagle Ford Shale lost a rig to drop to 78 active drilling rigs, an increase of five from one year ago.
(c)2018 the San Antonio Express-News
Visit the San Antonio Express-News at www.mysanantonio.com
Distributed by Tribune Content Agency, LLC.