Rig count increase for fourth straight week.
According to Enverus Rig Analytics, the rig count is up 8% in the last month but down 52% year-over-year. The Permian added four rigs, while the Anadarko, D-J and Gulf Coast basins were each down one or two rigs week-over-week. The Appalachia Basin also added a rig.
In Colorado, there are roughly 4,300 active permits to drill new wells in the Centennial State, but it doesn’t appear that operators are rushing to drill those wells before the state’s new setback rules take effect Jan. 15. On that date, new wells will have to be at least 2,000 ft from occupied structures, and any undrilled permits will have to be resubmitted under the new rules. All D-J rigs currently running are in rural Weld County.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access