Over the past month, oil prices have risen and fallen. Prices closed at $68.00 on November 29th. On December 6th, prices hit a low of $67.20. From there, prices have risen to a high of $70.82 on December 13th. Prices closed at $69.38 on December 19th.
The December 20th Baker Hughes rig count report shows little change in the active rig count. Baker Hughes reports 589 active drilling rigs in the US. One month ago, the total active rig count was 585. One year ago, the total active rig count was 620.
The oil rig count is currently 483 rigs, compared to 480 one month ago and 498 one year ago. The gas rig count is 102, compared to 101 one month ago and 120 last December.
December 2024 Rig Count by Shale*
In the major plays, the Permian Basin rig count is at 304 rigs, the same as the November count.
In east Texas, the Eagle Ford has 46 active rigs, 3 less than in November.
The Haynesville rig count is 31 rigs, 2 less than last month.
The Anadarko rig count is 43 rigs, the same as November.
The active rig count in the Niobrara is 28 rigs, 1 less than last month.
The Williston Basin rig count is 36 rigs, 2 more than the November count.
The Appalachian has 34 active rigs, 2 less than last month.
December 2024 Rig Count by State*
*Data from December 2024, Baker Hughes Report.
| Bakken Region Total: 36 Montana: 1 North Dakota: 35 | Rocky Mountain Total: 143 Colorado: 10 New Mexico: 103 Utah: 12 Wyoming: 18 | Central Plains Total: 43 Oklahoma: 43 Kansas: 0 Arkansas: 0 |
| Gulf States Total: 31 Alabama: 0 Louisiana: 31 Mississippi: 0 | Texas Total: 285 | Appalachian Total: 34 Ohio: 9 Pennsylvania: 15 West Virginia: 10 |
For more detailed news and information on the oil industry, please visit our oilfield news and information page.
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