Baker Hughes: US rig count down 4 units to 963

The US drilling rig count fell 4 units to reach 963 rigs working for the week, according to Baker Hughes data. The count is down 89 units from the 1,052 rigs working this time a year ago.

Jul 3rd, 2019

The US drilling rig count fell 4 units to reach 963 rigs working for the week, according to Baker Hughes data. The count is down 89 units from the 1,052 rigs working this time a year ago.

Due to the US holiday this week, the weekly North America rig count was issued on July 3.

The number of rigs drilling on land fell by 2 units week-over-week to a total of 936 units. The number of rigs drilling in inland waters was unchanged at 3 units for the week. The number of rigs drilling offshore dropped by 2 units to 24.

US oil-directed rigs decreased by 5 from last week to reach 788 units. This time a year ago, 863 units were drilling for oil. Rigs targeting gas increased by 1 unit to reach 174 rigs, which was 13 fewer than were drilling for gas at this time a year ago.

Among the major oil and gas-producing states, Oklahoma saw the largest drop in rigs. With a decrease of 5 units, the state’s rig count dropped to 97 units working.

Louisiana’s rig count dropped by 4 units to reach 68. Texas dropped a single unit from a week ago to reach 463 rigs working.

Eight states remained unchanged this week. These were North Dakota, 55; Pennsylvania, 37; Wyoming, 32; Colorado, 29; California, 18; Ohio, 18; Utah, 6; and Arkansas, 0.

New Mexico, at 102 this week, was up 3 units. Alaska, up 2 rigs, reached 9 units working. West Virginia gained a single unit to reach 22 rigs working.

Canada’s rig count decreased 4 units for the week. At 120 rigs, the count is 62 fewer than the 182 units drilling this week a year ago. With 80 rigs drilling, Canada’s oil-directed rigs dropped 4 units this week. Gas-directed rigs in Canada remained unchanged at 40.

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