A Review of the Nigerian Energy Industry

US loses 11 rigs

Rigs28 December 2013 – The count of rigs drilling for oil and gas in the US dropped by 11 to 1676 this week, according to the latest data from Houston based service firm Baker Hughes.

The tally of units drilling for oil was off 13 for a total of 1382, still 55 more than a year ago.

The fleet drilling for gas increased by two to total 374, still 57 fewer than a year ago.

The count of units active in the Gulf of Mexico stayed flat at 59, 11 more than a year ago.

Texas lost the most rigs over the week, its count dropping by 10 to a total of 835. Accordingly the Permian basin showed a decrease of seven units to 469 and Eagle Ford shed one unit to 228.

West Virginia also dropped four rigs for a total of 32 and Oklahoma two for a total of 172.

Alaska added two units for a total of nine while Louisiana and Pennsylvania each gained by one for totals of 112 and 56 respectively.

By basin, other losses were seen in Oklahoma’s Ardmore Woodford, dropping three units to 10 and Pennsylvania’s Marcellus, which fell three units to 85.

The Granite Wash, in the Texas panhandle and Oklahoma, and Haynesville, in north Louisiana, each shed a rig for totals of 53 and 41 respectively.

Gainers were the Mississippian play in Kansas and Oklahoma, which added three for a total of 79 and Oklahoma’s Cana Woodford, which added one for a total of 36.
*Kathrine Schmidt, Upstreamonline

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