Number of active U.S. drilling rigs decreases this week

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Gas prices are displayed at a BP gas station in the Brooklyn borough of New York, the United States on April 9, 2020. The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, known as OPEC+, reached on Thursday a tentative agreement to cut production to stop a market free-fall amid the coronavirus pandemic, pending the consent of Mexico. (Photo by Michael Nagle/Xinhua)
Gas prices are displayed at a BP gas station in the Brooklyn borough of New York, the United States on April 9, 2020. The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, known as OPEC+, reached on Thursday a tentative agreement to cut production to stop a market free-fall amid the coronavirus pandemic, pending the consent of Mexico. (Photo by Michael Nagle/Xinhua)

The number of active drilling rigs in the United States decreased by 57 to 408 this week, down by 582 year on year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes.

These active drilling rigs included 325 oil rigs operating in the U.S. oil fields, down by 53 from the previous week; 81 gas drilling rigs, down by four, and two miscellaneous rigs, unchanged from last week.

The 408 rigs included 392 land drilling rigs, down by 56 from the previous week, and 16 offshore drilling rigs, down by one from the previous week. There were no inland waters drilling rigs this week, same as last week.

Of them, 23 are directional drilling rigs, 374 are horizontal drilling rigs and 11 are vertical drilling rigs.

During the week, the number of drilling rigs decreased the most by 30 in the state of Texas to 201 rigs. The state of Colorado also lost seven rigs.

By far, the Permian Basin in western Texas and eastern New Mexico has been the largest source of shale oil production growth in the United States, having become an engine of supply growth outside the Organization of the Petroleum Exporting Countries in the past years. Enditem

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