June 30–The Permian Basin is booming with 474 rigs, but one of its busiest counties is slowing down.
Midland County’s rig count this week fell for the fourth straight week after shedding three rigs, leaving 38, according to Baker Hughes data. The Midland Basin’s most active county has idled eight rigs in June and is down by 15 since reaching a year-high 53 rigs in mid-April.
Midland County’s northern neighbor, Martin County, is close behind at 36 rigs.
Reeves County still tops the Delaware Basin with 70 rigs. Eddy and Lea counties in New Mexico, which also are in the Delaware, follow with 49 and 42 rigs, respectively.
Other counties in the Permian with double-digit counts this week were Loving (34), Howard (25), Reagan (25), Ward (25), Upton (18), Winkler (18), Culberson (17), Glascock (17), Pecos (17) and Andrews (16).
Counties in Railroad Commission District 7B don’t usually see much Permian drilling, but this week, all activity ceased in the district after its lone rig in Fisher County went offline. District 7C saw its districtwide count rise by two to 49 even though Crockett County’s count moved to zero.
District 8, which includes most of the Permian’s active counties, fell by two to 316, its third straight decrease. District 8A held at 17, and the Permian portion of New Mexico rose by one to 92.
The Permian had 370 rigs a year ago.
TEXAS & NEW MEXICO
Texas’ statewide rig count slid by three this week to 530; 382 rigs in that tally were in the Permian. Two fewer rigs in the Eagle Ford dropped the South Texas basin’s count 80. The Barnett in North Texas was unchanged at four.
Twenty of the Haynesville’s 50 rigs were in East Texas. Five of the Granite Wash’s 16 rigs were in the Panhandle. Texas had one rig offshore.
New Mexico’s statewide count rose by two 95. The Land of Enchantment had three non-Permian rigs: two in San Juan County in the northwestern part of the state and a new rig in Curry County in the east. Curry is north of Roosevelt County, and its seat is Clovis.
At this time last year, there were 461 rigs in Texas and 60 in New Mexico.
U.S. & CANADA
The U.S. oil rig count fell by four to 858, and natural gas rigs dropped by one to 187. In total, the nation had 1,024 rigs, two of which were listed as miscellaneous. Eighteen of 19 offshore rigs were in the Gulf of Mexico, and inland waters rigs doubled to four.
By drilling trajectory, there were 926 horizontal rigs, down four; 56 vertical rigs, down four; and 65 directional rigs, up three.
Basins with the most rigs this week were the Permian, the Eagle Ford, the Cana Woodford (74), the Williston (54) and the Marcellus (53). States with the highest counts were Texas, Oklahoma (140), New Mexico, Louisiana (55) and New Mexico (54).
The U.S. had 940 rigs a year ago.
Canada’s rig count rose by 12 this week to 172 after a surge in oil exploration. Oil rigs rose by 14 to 117; natural gas rigs fell by two to 55. Last year, Canada had 189 rigs running.
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The following are county-by-county rig counts, with changes in parentheses, for the week ending June 29.
Fisher 0 (-1)
Total 0 (-1)
Crockett 0 (-1)
Irion 6 (+2)
Reagan 25 (+1)
Total 49 (+2)
Glasscock 17 (+2)
Howard 25 (-1)
Jeff Davis 1
Loving 34 (-1)
Martin 36 (+1)
Midland 38 (-3)
Pecos 17 (+1)
Winkler 18 (-1)
Total 316 (-2)
Gaines 3 (-1)
Scurry 3 (+1)
Lea 42 (+1)
Total 92 (+1)
(c)2018 the Midland Reporter-Telegram (Midland, Texas)
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