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US drillers add oil rigs

Overall count remained unchanged at 967 in total

Drillers added oil rigs for the second time in two weeks, although the overall rig count in the US remained unchanged, according to a weekly tally from energy services company Baker Hughes.

Rigs chasing crude climbed to 789, still down 65 when compared to last year’s count. Gas rigs lost four to total 173.

The overall count remained at 967, as offshore rigs gained two for 26 in total, seven more than the sector had in 2018.

Click here to read the rig count summary.

The states of Oklahoma, home of the Stack and Scoop plays, and Louisiana, which houses the gassy Haynesville play, each gained two rigs for 102 and 72 in total, respectively.

The prolific Permian shale added two units for a total of 441, as the region saw 33 fewer units this week than it had in 2018. The hot spot lies in west Texas and south-east New Mexico.

However, the southern Texas Eagle Ford play shed two rigs for 71 in total, as did the Denver-Julesburg play in Colorado, leaving the play with 26 units.

The state of Wyoming, which has seen activity pick up in the Powder River basin, added one rig for 31 in total, or six more than the play had last year.

The Williston basin primarily in North Dakota lost one rig for 55 in total, as the state continues to encounter issues with natural gas takeaway capacity and gas capture limits.

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