A Review of the Nigerian Energy Industry

US rig count rises by five

rubbermarketnews_RMN_brent_crude_oil_05018 August 2014, News Wires – The number of oil and gas wells drilling in the US rose by five this week for a total of 1913, according to data from Houston-based services company Baker Hughes.

Both oil- and gas-directed rigs rose for the week, and in an unusual turn, gas rigs outpaced oil rigs.

There were five additional gas units drilling this week, for a total of 321, and one more oil unit drilling, for a total of 1589.

Wyoming led all states with seven additional rigs this week, for a total of 55. Colorado followed suit, with four new units and a total of 75.

That translated to a good week for the DJ-Niobrara basin, which beat all other basins by gaining five rigs for a total of 62.

Texas found itself on the other end of the spectrum, losing seven rigs for a total of 901.

Many of those fled the Granite Wash area, where there were four fewer rigs drilling. The Permian and the Eagle Ford each shed a pair of rigs for totals of 558 and 199, respectively.

The Cana Woodford was up a pair on 34. The Mississippian lost one for 79.

Oklahoma lost two rigs for 209 and Kansas was flat on 26.

The Williston basin gained three rigs for 194, as did North Dakota on 185.

The Marcellus shale had an additional three rigs working this week for a total of 77. Pennsylvania was flat on 94.

Ohio lost a rig for 42 and the Utica as a whole lost one rig for 44.

California lost one for 47 while Alaska gained one for nine.

The Gulf of Mexico rig count was flat on 60.

Canada gained 14 for 401.


– Upstream

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