US rig count posts another double-digit increase

Feb. 18, 2022
The US rig count ended the week with an additional 10 rigs running—a consecutive double-digit increase. For the week ended Feb. 18, the US rig count stood at 645, according to Baker Hughes data.

The US rig count ended the week with an additional 10 rigs running—a consecutive double-digit increase. For the week ended Feb. 18, the US rig count stood at 645, according to Baker Hughes data.

The count is up 248 from the 397 rigs working this time a year ago.

US oil-directed gained 4 units to 520, up 215 from this time in 2021. Gas-directed rigs increased by 6 to 124. A year ago, 91 units were drilling for gas.

Thirteen additional rigs are drilling on land to reach 630. Fifteen rigs were drilling horizontally, bringing the count to 589. Three fewer rigs were drilling vertically and 2 fewer were drilling directionally, bringing the counts to 25 and 31, respectively.

Four rigs stopped drilling in the Gulf of Mexico, pushing the overall US offshore count down to 12. One additional rig drilling in inland waters for a total of 3 units running.

Texas once again saw the largest gain. With an 8-rig increase, the state ended the week with 308 rigs running. Pennsylvania gained a single rig and ended the week with 25 rigs.

Louisiana, Wyoming, and Ohio saw counts fall by a single rig each to respective counts of 53, 14, and 11.

Six states remained unchanged, namely, Oklahoma, 53; North Dakota, 33; Utah, 12; West Virginia, 11; Alaska, 8; and California, 7.

Canada’s rig count, meanwhile, edged up 1 unit to 220, up 48 from the 172 rigs working a year ago. Oil-directed rigs fell 2 units to 135. Gas-directed rigs increased 3 units to 85.