Barnett Shale Rig Count Keeps Falling to 27

Rigs working in the Barnett Shale kept falling this week, dropping by two to 27, the lowest in more than 10 years as producers continue to migrate toward fields that hold more profitable crude oil.

Even Wise County, which has led the Barnett in drilling for several years since natural gas prices dropped sharply, tapered off, with seven active rigs compared to 11 a week ago, according to RigData. Montague County, which like Wise has areas rich in oil and natural gas liquids, had four rigs, as did Denton and Tarrant counties.

Nationally, the rig count slipped by one to 1,761, even though rigs seeking gas rose by seven to 428, said Baker Hughes Inc. of Houston. Rigs seeking oil were down eight to 1,329. Four were listed as miscellaneous. A year ago, Baker Hughes counted 1,981 working rigs.

Star Telegram

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