Several of the major plays are at or near 2019 levels for this time of year, with the Anadarko Basin running only four fewer rigs than in October 2019.
For the week, the oil and gas rig count, an early indicator of future output, rose two to 544 in the week to Oct. 29, its highest since April 2020, Baker Hughes Co. said in its weekly report.
All major U.S. shale plays tallied month-over-month increases to the rig count except the Anadarko Basin, which was flat.
Despite this week’s decline, the total count of oil and natural gas rigs operating in the U.S. was still up 255 rigs, or 89%, over this time last year.
The Permian Basin led the way in the increase, adding seven rigs in the last week to reach 241, while Appalachia and the Gulf Coast also gained rigs. The Williston Basin had the largest drop though.
According to the Baker Hughes weekly rig count report, gas rigs in the U.S. fell by one this past week to 98, their lowest since August.
The U.S. rig count fell slightly in the last week with the largest week-over-week changes occurring in the Gulf Coast and Anadarko basins.
The combined oil and gas rig count rose five to 533 in the week to Oct. 8, its highest since April 2020, Baker Hughes Co. said in its weekly report.
The Permian and Anadarko basins had the largest weekly increases while Appalachia lost the largest number of rigs week over the past week.
The oil and gas rig count rose by seven to total 528 in the week of Oct. 1, its highest since April 2020, energy services firm Baker Hughes Co. said in its closely followed report.