Baker Hughes: US rig count down 35 units to 339

The US drilling rig count fell by 35 rigs to reach 339 rigs working for the week ended May 15, according to Baker Hughes data. The count is down 648 units from the 987 rigs working this time a year ago.
May 15, 2020
2 min read

The US drilling rig count fell by 35 rigs to reach 339 rigs working for the week ended May 15, according to Baker Hughes data. The count is down 648 units from the 987 rigs working this time a year ago.

The number of rigs drilling on land fell by 32 week-over-week to 327 units. The number of rigs drilling in inland waters was unchanged with 0 units running for the week. Three fewer rigs were drilling offshore, bringing the number to 12 units.

US oil-directed rigs decreased by 34 from last week to 258 units. A year ago, 802 units were drilling for oil. Gas-directed rigs fell by 1 to 79 rigs, 106 fewer than were drilling for gas a year ago.

Among the major oil and gas-producing states, Texas saw the largest drop in rigs. At 150 rigs running, the count is 23 fewer than the week prior.

New Mexico and North Dakota both saw a 4-unit decrease in rigs week over week to reach 66 and 16 rigs running, respectively. In Louisiana, 3 fewer rigs were running for a total of 35 units for the week. With 12 rigs running, Oklahoma saw a 1-unit decline.

Eight states remained unchanged this week, namely Pennsylvania, 23; Colorado, 8; Ohio, 8; West Virginia, 7; California, 5; Wyoming, 4; Alaska, 3; and Utah, 0.

Canada’s rig count is down 3 units for the week. At 23 rigs, the count is 40 fewer than the 63 units drilling this week a year ago. Oil-directed rigs in Canada remained unchanged at 7 for the week. Gas-directed rigs in Canada decreased by 3 units to reach 16.

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