Texas rig count adds two despite Permian Basin, Eagle Ford losing rigs
A summertime drilling rally in West Texas could be showing the first signs of cooling off.
Figures released in the Baker Hughes rig count on Sept. 23 show new drilling activity in the Permian Basin has taken its first step back after more than three months of slow, but steady gains.
The rig count for the oil-rich region had been growing since May, but it fell by one in the week ended Sept. 23 ' leaving 201 active drilling sites spread out across 38 counties. This time last year there were 250...