Over the past month, oil prices have risen and fallen. Prices closed at $75.91 on August 28th. On September 10th, prices hit a low of $65.75. From there, prices have risen to a high of $71.16 on September 19th. Prices closed at $71 on September 20th.
The September 20th Baker Hughes rig count report shows little change in the active rig count. Baker Hughes reports 588 active drilling rigs in the US. One month ago, the total active rig count was 586. One year ago, the total active rig count was 630.
The oil rig count is currently 488 rigs, compared to 483 one month ago and 507 one year ago. The gas rig count is 96, compared to 97 one month ago and 118 last September.
September 2024 Rig Count by Shale*
In the major plays, the Permian Basin rig count is at 307 rigs, up 1 from the August count.
In east Texas, the Eagle Ford has 48 active rigs, 1 more than in August.
The Haynesville rig count is 33 rigs, the same as last month.
The Anadarko rig count is 41 rigs, 3 up from August.
The active rig count in the Niobrara is 28 rigs, the same as last month.
The Williston Basin rig count is 34 rigs, no change from the August count.
The Appalachian has 33 active rigs, 2 less than last month.
September 2024 Rig Count by State*
*Data from September 2024, Baker Hughes Report.
| Bakken Region Total: 34 Montana: 1 North Dakota: 33 | Rocky Mountain Total: 145 Colorado: 11 New Mexico: 106 Utah: 11 Wyoming: 17 | Central Plains Total: 41 Oklahoma: 41 Kansas: 0 Arkansas: 0 |
| Gulf States Total: 42 Alabama: 0 Louisiana: 42 Mississippi: 0 | Texas Total: 276 | Appalachian Total: 33 Ohio: 9 Pennsylvania: 14 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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