Baker Hughes: US rig count falls 4 units to 954

The US drilling rig count fell 4 rigs to 954 units working for the week ended July 19, according to Baker Hughes data. The count is down 92 units from this time a year ago when the count stood at 1,046.

The US drilling rig count fell 4 rigs to 954 units working for the week ended July 19, according to Baker Hughes data. The count is down 92 units from this time a year ago when the count stood at 1,046.

Offshore units remained unchanged from last week with 26 units working. A total of 926 rigs were drilling on land, down 4 units from a week ago. The number of rigs drilling in inland waters was unchanged at 2 units working.

US oil-directed rigs were down 5 from last week at 779 units working, and down 79 from the 858 rigs drilling for oil this week a year ago. Rigs targeting gas rose by 2 units to 174. This time a year ago, 187 units were drilling for gas.

Among the major oil and gas-producing states, Oklahoma and Louisiana both dropped 3 rigs to reach respective counts this week of 95 and 66. Texas, at 454 rigs working, was down 2 rigs for the week. And West Virginia and Ohio were both down 1 unit to reach respective totals of 21 and 17.

Alaska climbed 2 units to reach 10 rigs working this week. New Mexico, at 107 rigs drilling this week, was up 5 units.

Canada gained 1 rig for the week. The 118 rigs working are 93 fewer than the 211 units drilling this week a year ago. Canada lost 2 oil-directed rigs to reach 83 for the week and gained 3 rigs targeting gas to reach 35.

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