Baker Hughes: US rig count up 2 units to 761

Feb. 10, 2023
The US drilling rig count increased 2 units to reach 761 rigs working for the week ended Feb. 10, according to Baker Hughes data. The count is up 126 units from the 635 rigs working this time a year ago.

The US drilling rig count increased 2 units to reach 761 rigs working for the week ended Feb. 10, according to Baker Hughes data. The count is up 126 units from the 635 rigs working this time a year ago.

The number of rigs drilling on land fell 4 units week-over-week to a total of 741 rigs running. The number of rigs drilling in inland waters remained unchanged at 2 units. The number of rigs drilling offshore remained unchanged at 18 units.

US oil-directed rigs increased by 10 from last week to 609 units. A year ago, 516 units were drilling for oil. Gas-directed rigs fell by 8 to reach 150 working, 32 more than were drilling for gas a year ago.

Of the major oil and gas-producing states, Louisiana, New Mexico, and California saw increases in rigs week-over-week. With 6 additional rigs, Louisiana’s count stands at 66 for the week. A 4-rig increase brings New Mexico’s rig count to 109. California added a single rig to reach 4 for the week.

Seven states remained unchanged this week, North Dakota, 41; Pennsylvania, 22; Colorado, 19; Wyoming, 17; Ohio, 14; Utah, 11; and Alaska, 7.

A 7-unit drop left Texas with 370 rigs running for the week. Oklahoma and West Virginia dropped 1 unit each, leaving 63 and 15 rigs running, respectively.

Canada’s rig count increased by 1 unit for the week. At 250 rigs, the count is 31 more than the 219 units drilling this week a year ago. A 2-rig gain brought the oil-directed rig count to 161 for the week. Gas-directed rigs in Canada decreased by 1 unit to 89.