A Review of the Nigerian Energy Industry

US rig count rises by nine

26 October 2014, News Wires – The number of rigs drilling for oil and gas in the US rose by nine this week to total 1927, according to data from Houston-based services giant Baker Hughes.

Both oil and gas rigs rose this week, with oil-directed units up by five and gas rigs up by four. That brought the total number of oil rigs to 1595 and the gas-rig count to 332.

The big Texas plays saw the biggest increases. Both the Eagle Ford and the Permian basin jumped by seven rigs for respective totals of 216 and 568.

Statewide, Texas added a net total of eight rigs for a weekly tally of 906. New Mexico gained five rigs, crossing the century mark to 103.

The Haynesville shale and the Utica shale were the only other regions to see net multi-rig moves. The Haynesville lost a pair for 40 and the Utica gained two for 49.

Arkansas gained two rigs for 12 and Louisiana lost one for 110. Ohio gained two for 44. West Virginia was up three on 36 and Pennsylvania lost three for 52.

The Marcellus was flat on 81. The Williston basin lost one for 192. North Dakota lost one for 180. California gained two for 46. Alaska gained one for eight.

The US Gulf of Mexico lost a pair of rigs for 53. Canada was up nine on 426.



– Upstream

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