July 14–Midland County is seeing a swift rig activity turnaround.
Over the past two weeks, the county at the heart of the Midland Basin, a subbasin of the prolific Permian Basin, has added 13 rigs, reversing a steady decline that started 10 weeks ago. This week, Midland County jumped back at 51 rigs after gaining seven rigs, according to Baker Hughes data.
In total, the Permian gained one rig for a total of 476. Its county with the highest rig count continues to be Reeves in the Delaware Basin. Reeves gained back the rig it lost last week for a total of 70.
Other counties with double-digit rig counts were Eddy, New Mexico (49); Lea, New Mexico (46); Martin (35); Loving (34); Reagan (23); Ward (23); Howard (20); Pecos (19); Winkler (19); Upton (19); Culberson (17); Andrews (12); and Glasscock (12).
Railroad Commission District 8, which includes most of the Permian’s active counties, added back the three rigs it lost last week, putting the total back at 316. District 7B has gone three straight weeks without a rig in the Permian. District 7C fell by two to 47. District 8A held at 17. New Mexico’s portion of the Permian held at 96.
The Permian had 373 rigs a year ago.
TEXAS & NEW MEXICO
Texas’ rig count edged two higher to 528; 380 of the rigs were in the Permian.
The Eagle Ford in South Texas and the Barnett in North Texas were unchanged at 81 and four, respectively.
Nineteen of the Haynesville’s 49 rigs were in East Texas, and five of the Granite Wash’s 15 rigs were in the Panhandle. Texas’ offshore rig count doubled to two this week.
New Mexico held at 99 rigs statewide. Of its non-Permian rigs, two were in San Juan County and one was in Curry County.
At this time last year, Texas had 466 and New Mexico had 59.
US & CANADA
The U.S. oil rig count held at 863 this week, natural gas rigs rose by two to 189, and miscellaneous rigs stayed at two, putting the nation’s total rig count at 1,054. All 19 offshore rigs were in the Gulf of Mexico. Inland waters rigs rose by one to five.
By drilling trajectory, there were 930 horizontal rigs; 56 vertical rigs, up one; and 68 directional rigs, up one.
Basins with the most rigs this week were the Permian, the Eagle Ford, the Cana Woodford (69), the Williston (57) and the Marcellus (53). States with the most activity were Texas, Oklahoma (141), New Mexico, Louisiana (58) and North Dakota (57).
The U.S. had 952 rigs a year ago.
Canada’s rig count jumped by 15 rigs after gaining 13 oil rigs (139) and a pair of natural gas rigs (58). This week tally of 197 is six higher than the year-ago total.
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The following are county-by-county Permian Basin rig counts, with changes in parentheses, for the week ending July 13.
Irion 4 (-1)
Reagan 23 (-2)
Tom Green 1 (+1)
Upton 19 (+1)
Total 47 (-2)
Andrews 12 (-4)
Crane 2 (+1)
Culberson 17 (-1)
Ector 2 (+1)
Glasscock 12 (-4)
Martin 35 (+1)
Midland 51 (+7)
Pecos 19 (+1)
Reeves 70 (+1)
Total 316 (+3)
Eddy 49 (-1)
Lea 46 (+1)
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