Baker Hughes weekly rig report Friday 1/8/2021
All US Rigs 360 (+9)
US Horizontal Rigs 320 (+7)
US Hz Gas Rigs 78 (+1)
US Hz Oil Rigs 242 (+6)
Rigs continue to increase as oil price crosses $50. The Baker Hughes’ rig report shows another week of positive gains, with horizontal rigs gaining seven.
The largest changes per county occurred in the Permian Basin. Lea Co., NM added two rigs for a total of 35 active horizontal rigs, while Midland Co., TX dropped two rigs for a total of 18. Weekly map and charts are interactive. Let me know your thoughts on the new viewer and if you have any questions or problems. To use the visualizations visit https://www.mudrockenergy.com/rig-update