A Review of the Nigerian Energy Industry

US rig count flat at 1,777

oil rig27 January 2014, News Wires – The number of rigs drilling in the US held steady this week at 1777, though the gap between oil- and gas-directed rigs grew, according to data from Houston-based services giant Baker Hughes.
Rigs drilling for oil rose by eight to total 1416, up 101 from a year ago. Gas rigs fell by nine for a total of 356, 78 fewer than a year ago.

The Eagle Ford shale saw the biggest rig drop-off this week, shedding nine units for a total of 216, down 20 from a year ago.

Texas’ rig tally for the week was mostly offset by gains in the Permian basin, however, where six additional rigs were running for a total of 484, up 20 from a year ago.

The Williston basin gained a rig to total 179, matching North Dakota’s weekly gain. There were 169 rigs drilling in the state.

The Utica shale lost a rig for 38 but is still up seven on the year. Ohio as a state was flat this week.

The Cana Woodford gained a pair of rigs for 41, up nine on the year, and the Granite Wash lost a pair for 54. Oklahoma netted one rig for a total of 187.

The Marcellus gas shale lost a rig for 86, matching Pennsylvania’s weekly loss.

Most other basins were flat for the week.

California lost the most rigs this week on three for a total of 31, the same as this time last year.

The Canadian rig count rose by 25 this week to 590.

– Upstream

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