Drilling Rigs Booming in Texas

In case you were wondering whether there was really an oil Renaissance happening in Texas, the state has 838 drilling rigs – about 47 percent of all U.S. rigs and 26 percent of drilling rigs worldwide.

The Texas rigs are mostly operating in five fields across the state, according to the latest Baker Hughes Rig Count.

The Permian Basin in West Texas has 397 rigs, the Eagle Ford in South Texas has 234, the Granite Wash in the Panhandle has 44, the Barnett Shale in North Texas has 31 and the Haynesville Shale in East Texas has 19.

Eagle Ford: Chesapeake thinks it has 342 million barrels

Our neighbors continue to see an enormous amount of oil and gas activity as well. Oklahoma has 190 drilling rigs, Louisiana has 106, New Mexico has 77 and Arkansas has 15 rigs, according to Baker Hughes.