Baker Hughes weekly rig report Friday 3/20/2020

All US Rigs 772 (-20)

US Horizontal Rigs 696 (-17)

US Hz Gas Rigs 92 (-1)

US Hz Oil Rigs 604 (-16)

The Baker Hughes report from the week shows the probable start to the rig decline across the oil plays in the US. Horizontal oil rigs dropped by 16. Gas horizontal rigs showed little change dropping one.

In contrast to the macro rig environment, the county with the biggest change this week, was Winkler Co., Texas adding 6 horizontal rigs for a total of 7 active rigs. Unlike Winkler Co., five other counties in the Permian Basin lost more than 3 rigs. For more charts and maps visit https://www.mudrockenergy.com/rig-update