Drilling in the USA, Texas and Perm is picking up speed

Drilling activity increased over the week in the US, Texas and the Permian Basin.

Oilfield services company Baker Hughes said Friday the number of U.S. rigs it has reported weekly since the 1940s rose by nine rigs to 779, the highest since March 2020 and the second straight weekly increase. The number is 223 rigs higher than the 556 reported last November.

The number of rigs drilling for natural gas also rose by nine rigs to 622, the highest since March 2020 and 168 up from the 454 a year ago. The number of rigs drilling for natural gas remained steady at 155 rigs, up 53 from the 102 reported last year.

Texas added four rigs for 373, 109 more than the 264 deployed statewide last year. New Mexico remained steady at 106 rigs. Louisiana (6) and Ohio (1) joined Texas as manufacturing states to post gains, while Pennsylvania (2) was the only manufacturing state to post declines.

The Permian Basin added four rigs for 350 last year, 78 more than 272.

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