The Midland Reporter-Telegram reported oil and gas drilling in Texas’ Permian Basin has continued to trend higher in the first days of 2021.
Oilfield services company Baker Hughes and data analytics company Enverus reported Friday that the US rig count rose nine to 360, well above the record low 244 seen in August 2020. But the count remains well below year-ago levels – 421 rigs below the 781 tallied in the first week of 2020.
There were 275 rigs drilling for oil, up eight but 384 below the 659 seen last year. There were 84 rigs drilling for natural gas, up one for the week.
Texas reported 161 rigs, unchanged from the previous week but down 235 rigs from 396 last year. New Mexico added four rigs for 69 and was joined by Alaska, California, Oklahoma, Pennsylvania and West Virginia as producing states to add rigs for the week Ohio was the only state to decline, losing one rig.
As the US continues to slowly bounce back from the coronavirus-induced economic downturn, the oil and gas industry stands ready to fuel the US economy and American energy needs.