Permian basin drilling rig count

Permian Region Rig Count is at a current level of 317, up from 315 last month and down from 356 one year ago. This is a change of 0.63% from last month and -10.96% from one year ago. View monthly updates and historical trends for Permian Region Rig Count (DISCONTINUED). [pdf]

Permian drill rig count dropping

From January to June 2025, new well permits in the Permian totaled approximately 3,828, based on daily activity and forecasted June completions. That’s a 15.9% decline compared to the same period in 2024, which recorded 4,551 permits.. From January to June 2025, new well permits in the Permian totaled approximately 3,828, based on daily activity and forecasted June completions. That’s a 15.9% decline compared to the same period in 2024, which recorded 4,551 permits.. Permian Basin and Texas continued their declines in count of active drilling rigs. Baker Hughes said as of Aug. 15 there were 255 rigs in Permian (down 1 in the past week, down 48 or 16 percent from 303 a year ago) and 242 rigs in Texas (down 1 in past week, down 31 or 11 percent from 273 a year. . From January to June 2025, new well permits in the Permian totaled approximately 3,828, based on daily activity and forecasted June completions. That’s a 15.9% decline compared to the same period in 2024, which recorded 4,551 permits. This drop suggests a softening of drilling appetite, especially. . Count of active drilling rigs in U.S. continued its decline, but the count in Permian Basin remained at 304 for the seventh straight week. The last gain in the U.S. count was Dec. 6, 2024 (the only weekly gain since Oct. 11, 2024). Baker Hughes said as of Jan. 17 there were 580 rigs in U.S. (down 4. [pdf]

What does static mean concerning a drilling rig

Break Circulation - To establish circulation of drilling fluids after a period of static conditions. Circulation may resume after a short break, such as taking a survey or making a mousehole connection, or after a prolonged interruption, such as after a round trip.. Break Circulation - To establish circulation of drilling fluids after a period of static conditions. Circulation may resume after a short break, such as taking a survey or making a mousehole connection, or after a prolonged interruption, such as after a round trip.. Hydrostatic pressure in drilling refers to the pressure exerted by a column of drilling mud or fluid within a wellbore. It is an essential factor in drilling operations as it balances the formation pressure and prevents well blowouts.. The load exerted on the BOP handling system by the static weight of the BOP stack. Source: API SPECIFICATION 7K, Drilling and Well Servicing Equipment, Sixth Edition, December 2015. Global Standards.. When the well is in a static condition, the bottomhole pressure is equal to the hydrostatic pressure. When the well is circulating, the bottomhole pressure increases due to the applied surface pressure needed to overcome friction pressures in the piping.. It means that the fast line tension will increase under a dynamic condition; however, the dead line tension will remain the same because it is still in static condition. [pdf]