Count of active oil and gas drilling rigs in Permian Basin increased by 1 to 315 as of March 1, according to Baker Hughes.  Permian’s count is up 6 this year and is its highest since September 2023.  Permian’s count was 349 a year ago.  Texas was the only major producing state to report a decline last week – falling by 2 to 299 (366 year ago).  Also, there were 103 rigs in New Mexico (102 week ago, 106 year ago) and 629 in U.S. (626 week ago, 749 year ago).

Eddy County, N.M., was down 2 in past week, but still leads Permian Basin with 53 rigs followed by another New Mexico county, Lea, with 47 (up 3 in past week).  Other leaders are Martin with 36 (down 2), Reeves with 25 (down 1) and Loving with 24 (unchanged).  Also there are 20 rigs in Upton, 19 in Midland (up 2), 14 each in Reagan and Ward, and 11 each in Culberson and Howard.

Oklahoma and Louisiana have 45 rigs each followed by No. 5 among states North Dakota with 32.  Eagle Ford in south Texas is No. 2 among regions with 52 followed by Haynesville with 41 (down 2, only major producing regions to report a decline last week), Williston with 34 and Marcellus with 32.

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