A Review of the Nigerian Energy Industry

US gains eight rigs

Rig count02 February 2014 – The count of oil and gas rigs working in the US was up by eight this week to 1785, according to the latest data from Houston-based service firm Baker Hughes.
Units exploring for oil advanced the most this week, with the count adding six for a total of 1422, up 90 from a year ago.

The count of gas units working also increased by two to 358, off by 70 from a year ago.

The number in the Gulf of Mexico was up by one from the prior week to 57, six ahead of the last-year figure.

By basin, the Granite Wash saw the largest gain, adding three rigs for a total of 57. The Barnett, Mississippian and Utica plays all added two for totals of 30, 75 and 40 respectively.

Both Oklahoma’s Arkoma Woodford and Texas’ Eagle Ford saw their counts retreat by two rigs for totals of five and 214 respectively.

Texas and Louisiana saw gains of three rigs each to 114 and 842. Ohio also added two for a total of 38.

Oklahoma’s count fell by two to 185 and Kansas’ by one to 30.
*Kathrine Schmidt – Upstreamonline

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