Active Rig Count - Jan 13

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The total U.S. rig count fell by six in the week ended January 13, 2017

The U.S. rig count declined for the first time in 12 weeks in the week ended January 13, 2017, according to Baker Hughes Industries (ticker: BHI). The total number of active rigs in the U.S. fell to 659, nine more than at this time last year.

All of the declines came from rigs drilling for oil in the week, with one additional rig targeting gas offsetting the seven oil rigs that were laid down. There are now 529 oil rigs and 135 gas rigs operating in the United States, seven and one more than at this time last year, respectively.

The only basin to report a higher rig count this week compared to last was the Permian basin, which added one rig, bringing the total number of rigs in the area to 268. The Permian remains the most active basin in the country with 66 more rigs now compared to this time last year, and 221 more than the second most active basin. The DJ lost two rigs week-over-week, while the Barnett, Granite Wash, Haynesville, Marcellus, Mississippian, Utica and Williston all reported one fewer rig this week.