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Baker Hughes: Drilling decline continues across Texas, Permian - Midland Reporter-Telegram

Midland Reporter-Telegram · last updated

Baker Hughes: Drilling decline continues across Texas, Permian
A Latshaw Drilling Rig operates on a Diamondback oil and gas location, April 17, 2019 in Midland County.

Drilling activity continues to decline across the board as the rig count recorded its first eight-week decline since July 2020.

Oilfield services firm Baker Hughes said Friday the US rig count it has issued weekly since 1944 fell another five rigs to 682, the lowest since April 2022. That’s 71 rigs or 9% fewer than the 753 Baker Hughes reported last June.

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