US rig count rises by four

oil rig01 November 2013, News Wires – The number of rigs drilling for oil and gas in the US rose by four this week for a total of 1742, according to data from Houston-based services giant Baker Hughes.
Oil-directed rigs were up by 19 for a total of 1376. Gas rigs took a big dive, losing 16 for a total of 360.

Two of the biggest oil basin went in opposite directions. The Permian of West Texas jumped up by seven rigs this week, for a total of 451.

On the other hand, the Williston basin, home to the prolific Bakken, fell by seven rigs to total 175. Unsurprisingly, North Dakota was the biggest loser of rigs among states, shedding eight for a total of 163. Texas gained nine for 821.

The Eagle Ford, the other major oil-producing basin, was up by four rigs on 226.

Other notable movers included the Granite Wash, which added three for a total of 60.

The Marcellus gas shale was down a rig on 85. The Haynesville added one for a total of 42.

The Denver-Julesburg/Niobrara basin lost one rig for 50.

The Mississippian lost two for 76. The Utica was flat on 36.

Wyoming impressed with a gain of six rigs, for a total of 55.

California was flat on 42.

– Upstream

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