Baker Hughes: US rig count down 4 units to 942

The US drilling rig count fell 4 units, reaching 942 rigs working for the week ended Aug. 2, according to Baker Hughes data. The count is down 102 units from the 1,044 rigs working this time a year ago.

The US drilling rig count fell 4 units, reaching 942 rigs working for the week ended Aug. 2, according to Baker Hughes data. The count is down 102 units from the 1,044 rigs working this time a year ago.

The number of rigs drilling on land dropped 3 units week-over-week to a total of 918 units. The number of rigs drilling in inland waters was unchanged at zero units for the week. The number of rigs drilling offshore fell by a single unit to 24.

US oil-directed rigs decreased by 6 units from last week to reach 770. This time a year ago, 859 units were drilling for oil. Rigs targeting gas increased by 2 units to reach 171, which was 12 fewer than were drilling for gas at this time a year ago.

Among the major oil and gas-producing states, Oklahoma dropped the largest number of rigs. At 88 rigs running, the count is 5 fewer than the previous week.

New Mexico dropped 2 units to reach 107, and Louisiana’s rig count fell by a single unit to 61.

Ten states remained unchanged this week, namely North Dakota, 47; Pennsylvania, 37; Wyoming, 36; Colorado, 32; West Virginia, 20; California, 18; Ohio, 15; Utah, 7; Kansas, 1; and Arkansas, 0.

Alaska gained 3 rigs, ending the week at 12 rigs running. With a gain of a single unit, Texas ended the week with 455 rigs.

Canada’s rig count increased by 10 units for the week. At 137 rigs, the count is 86 fewer than the 223 units drilling this week a year ago. Rigs drilling for gas in Canada increased by 6 to reach 91 units for the week. Four additional rigs were drilling for gas this week to reach a total of 46.

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