US rig count falls 6 units to 940

The overall US rig count has fallen again this week, marking the fourth straight week of declines. Baker Hughes’ calculation of active US rigs dropped 6 units during the week ended Aug. 25 to 940.
Aug. 25, 2017
2 min read

The overall US rig count has fallen again this week, marking the fourth straight week of declines. Baker Hughes’ calculation of active US rigs dropped 6 units during the week ended Aug. 25 to 940.

Rigs drilling for oil fell 4 units to 759 rigs working, while those rigs targeting natural gas also declined 2 units to 180 rigs. Rigs unclassified sat unchanged at 1 unit.

The US rig count is up 451 rigs from last year’s count of 489, with oil rigs up 353, gas rigs up 99, and unclassified rigs down 1 to 1.

The US offshore rig count increased 1 rig from last week to 17. This count remains unchanged year-over-year. On land, meanwhile, the count landed at 920 units after losing 7 rigs for the week.

Among the major oil and gas-producing states, Texas and Pennsylvania were down 3 rigs each to respective counts of 456 and 31. Oklahoma, Utah, and Alaska were down 1 rig each to respective counts of 130, 8, and 4.

Six states were unchanged this week: New Mexico, 62; Colorado, 37; Wyoming, 26; California, 16; West Virginia, 14; and Arkansas, 1.

Three states—Louisiana, North Dakota, and Ohio—were up 1 rig each this week to respective counts of 66, 52, and 29.

In Canada, the overall rig count climbed 3 units this week to reach 217. Rigs drilling for oil fell 6 units to 115 and those targeting gas gained 9 units to 102. The total count is up 71 units from this time a year ago when 146 rigs were operating.

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