Baker Hughes: US rig count down 1 unit to 1,067

Nov. 2, 2018
The US drilling rig count is down 1 unit to 1,067 rigs working for the week ended Nov. 2, according to Baker Hughes data. The count is up 169 units from the 898 rigs working this time a year ago.

The US drilling rig count is down 1 unit to 1,067 rigs working for the week ended Nov. 2, according to Baker Hughes data. The count is up 169 units from the 898 rigs working this time a year ago.

Rigs drilling on land remained unchanged at 1,046 units for the week. Offshore units were down a single rig to 18 units working, while those drilling in inland waters remained unchanged at 3 rigs working for the week.

US oil-directed rigs were down 1 unit from last week to 874 units working, and up from the 729 rigs drilling for oil this week a year ago. Gas-directed rigs remained unchanged at 193 units, up from the 169 units drilling for gas a year ago.

Among the major oil and gas-producing states, Oklahoma saw the largest increase in rigs for the week with a 3-unit gain to reach 144.

New Mexico, Louisiana, and Ohio each gained a single rig with 102, 62, and 18 rigs running, respectively.

Six states were unchanged this week: North Dakota, 54; Colorado, 32; Wyoming, 30; California, 15; Utah, 6; and Alaska, 5.

Texas dropped the most rigs, ending the week down 4 units to 533. Dropping a single unit were Pennsylvania, 43; West Virginia, 13; and Kansas, 0.

Canada lost 2 rigs for the week. With 198 rigs running, the count is higher than the 192 units drilling this week a year ago. Canada dropped 3 oil-directed rigs to reach 121 units for the week but gained a single gas-directed rig to reach 77 units.