The US drilling rig count fell by 1 unit, reaching 631 rigs working for the week ended Sept. 1, according to Baker Hughes data. The count is down 129 units from the 760 rigs working this time a year ago.
The number of rigs drilling on land dropped 2 units week-over-week to a total of 611 units. The number of rigs drilling offshore increased by a single unit to 17.
US oil-directed rigs were unchanged from last week with 512 rigs working. This time a year ago, 596 units were drilling for oil. Rigs targeting gas decreased by 1 unit to reach 114 rigs, 48 fewer than were drilling for gas at this time a year ago.
Only one among the major oil and gas-producing states saw an increase this week. With 15 rigs running, Colorado’s rig count is up one from last week.
Texas and West Virginia each dropped a rig for the week to reach respective counts of 306 and 9 rigs running.
Canada’s rig count decreased by 3 rigs for the week. At 187 rigs working, the count is 21 fewer than the 208 units drilling this week a year ago. With 115 rigs drilling, Canada’s oil-directed rig count decreased by a single unit this week. Gas-directed rigs in Canada decreased by 2 to reach 72.