Texas leads rebound in rig depend by including 5 rigs, Permian up 3 to 343

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Texas led a rebound in drilling rig counts prior to now week, in keeping with Baker Hughes.  Texas added 5 rigs to succeed in a depend of 364 to reverse a pattern of declines in 4 of the previous 5 weeks (239 yr in the past).  Additionally as of Sept. 16, there have been 343 rigs in Permian Basin (340 week in the past, 259 yr in the past), 108 in New Mexico (109 week in the past, 84 yr in the past) and 763 in U.S. (759 week in the past, 512 yr in the past).  Louisiana was the one different main producing state so as to add rigs final week.

Lea County, N.M., leads Permian with 65 (down 1 final week) adopted by Eddy, N.M., with 40 (unchanged), Martin with 35 (up 3), Midland with 32 (down 1), Reeves with 30 (unchanged), Loving with 22 (up 1) and Howard with 21 (down 1).

Amongst states Louisiana is No. 3 with 65 rigs (up 1) adopted by Oklahoma with 64 (unchanged) and North Dakota with 38 (down 1).  Eagle Ford in south Texas is No. 2 amongst areas with 72 rigs (up 1) adopted by Haynesville with 71 (unchanged), Williston with 40 (down 1) and Marcellus with 35 (unchanged).

Baker Hughes stated the U.S. depend averaged 764 in August – up 8 from 756 in July and up 263 from 501 in August 2021.  Enverus stated as of Sept. 14 ConocoPhillips was U.S. chief with 28 rigs adopted by EOG (26), Pioneer (21), Devon (20), ExxonMobil (20) and Mewbourne (20).  And 349 operators presently are working rigs in comparison with 273 as of Sept. 14, 2021.

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