Baker Hughes: US rig count down 5 to 958

The US drilling rig count dropped 5 rigs to 958 units working for the week ended July 12, according to Baker Hughes data. The count is down 96 units from this time a year ago when the count stood at 1,054.

Offshore units remained gained 2 rigs from last week with 26 units working. A total of 930 rigs were drilling on land, down 6 from a week ago. The number of rigs drilling in inland waters was down a single rig to 2 units working.

US oil-directed rigs were up down 4 from last week at 784 units working, and down 79 from the 863 rigs drilling for oil this week a year ago. Gas-directed rigs fell by 2 units to 172. This time a year ago, 189 units were drilling for gas.

Among the major oil and gas-producing states, Texas saw the largest drop in rigs. Down 7 units week-over-week, the rig count in Texas stood at 456 for the week ended July 12.

California, 17, and Alaska, 8, each dropped a single rig for the week.

Eight states were unchanged this week, namely New Mexico, 102; North Dakota 55; Pennsylvania, 37; Wyoming, 32; West Virginia, 22; Ohio, 18; Utah, 6; and Arkansas, 0.

Colorado’s rig count increased by 2 units to reach 31 rigs running for the week. Oklahoma, 98, and Louisiana, 69, each gained a single rig.

Canada dropped 3 rigs for the week. The 117 rigs working are 80 fewer than the 197 units drilling this week a year ago. Canada gained 5 oil-directed rigs to reach 85 for the week and dropped 8 gas-directed rigs to reach 32.