The count of active drilling rigs in Texas declined by four in the past week – the most of any major producing state – to 245.  That’s down 29 rigs or 10.6 percent from the count a year ago of 274.  Texas began 2025 with 284 rigs.

Houston-based services firm Baker Hughes said as of Aug. 1 there were 259 rigs in Permian Basin (down 1 from last week, down 44 or 14.5 percent from 303 a year ago), 96 in New Mexico (up 3 from last week, down 12 or 11.1 percent from 108 a year ago) and 540 in U.S. (down 2 in past week, down 46 or 7.8 percent from 586 a year ago).  And again this week, U.S. count of oil rigs was down (5) while the count of gas rigs was up (2).  Permian began 2025 with 304 rigs.

Lea County, N.M., added 5 rigs in the past week to lengthen its Permian lead with 49.  Other leaders include Eddy, N.M., with 39 (down 3), Midland with 25 (up 7), Reeves with 22 (down 1), Loving with 21 (unchanged in past week), Martin with 19 (down 4), Upton with 14 (down 1), and Glasscock (up 1) and Reagan (down 1) each with 11.

Oklahoma (41 rigs) and Louisiana (34) also lost 1 rig each in the past week.  They are followed in the top 5 by North Dakota with 29 (unchanged).

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