Baker Hughes: US drilling rig count edges up to 1,874

The US drilling rig count edged up 1 unit to 1,874 rigs working during the abbreviated week ended July 3, Baker Hughes Inc. reported.

Land rigs gained 2 units to 1,802 while offshore rigs declined 1 unit to 54. Rigs drilling in inland waters were unchanged from a week ago at 18.

A 4-unit rise in oil rigs to 1,562 was nearly offset by a 3-unit loss in gas rigs to 311. Rigs considered unclassified, standing at 1 unit, were unchanged from a week ago.

Horizontal drilling rigs rose 5 units to 1,268 while directional drilling rigs dropped 7 units to 222.

Canada’s rig count, meanwhile, shot up 73 units to 309, 95 more than this week a year ago. Oil rigs spiked 49 units to 190 as gas rigs jumped 24 units to 119.

Major states, basins

With a 7-unit addition to 896, Texas reported the largest increase of the major oil- and gas-producing states. New Mexico and West Virginia each added 2 units to reach respective totals of 92 and 27. Oklahoma, which gained 8 units last week, edged up 1 unit this week to 209.

Unchanged from a week ago were North Dakota at 171, Wyoming at 51, Ohio at 41, Utah at 27, Arkansas at 11, and Alaska at 10.

Colorado and Kansas each edged down a unit to 68 and 29, respectively. Louisiana dropped 2 units to 105. California fell 3 units to 45. Pennsylvania relinquished 5 units to 54.

Reflecting Texas’ upward momentum, the Permian’s 6-unit rise to 560 led the major US basins. The Mississippian rose 3 units to 80 while the Marcellus dropped 3 units to 79.

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