US rig count falls 6 units to 940

Aug. 25, 2017
The overall US rig count has fallen again this week, marking the fourth straight week of declines. Baker Hughes’ calculation of active US rigs dropped 6 units during the week ended Aug. 25 to 940.

The overall US rig count has fallen again this week, marking the fourth straight week of declines. Baker Hughes’ calculation of active US rigs dropped 6 units during the week ended Aug. 25 to 940.

Rigs drilling for oil fell 4 units to 759 rigs working, while those rigs targeting natural gas also declined 2 units to 180 rigs. Rigs unclassified sat unchanged at 1 unit.

The US rig count is up 451 rigs from last year’s count of 489, with oil rigs up 353, gas rigs up 99, and unclassified rigs down 1 to 1.

The US offshore rig count increased 1 rig from last week to 17. This count remains unchanged year-over-year. On land, meanwhile, the count landed at 920 units after losing 7 rigs for the week.

Among the major oil and gas-producing states, Texas and Pennsylvania were down 3 rigs each to respective counts of 456 and 31. Oklahoma, Utah, and Alaska were down 1 rig each to respective counts of 130, 8, and 4.

Six states were unchanged this week: New Mexico, 62; Colorado, 37; Wyoming, 26; California, 16; West Virginia, 14; and Arkansas, 1.

Three states—Louisiana, North Dakota, and Ohio—were up 1 rig each this week to respective counts of 66, 52, and 29.

In Canada, the overall rig count climbed 3 units this week to reach 217. Rigs drilling for oil fell 6 units to 115 and those targeting gas gained 9 units to 102. The total count is up 71 units from this time a year ago when 146 rigs were operating.