The count is now at its lowest level since Apr. 19, 2002, and down 1,172 units year-over-year. Since Aug. 21, the overall count has fallen 128 units after a short-lived summer rebound.
After rising last week for the first time in 11 weeks, oil-directed rigs now total 564, their lowest point since June 11, 2010, and down 1,010 year-over-year. Since Aug. 28, they’ve fallen 111 units.
Gas-directed rigs were unchanged from a week ago at 193.
Land-based rigs declined for the 13th straight week, dropping 6 units to 725, down 1,139 year-over-year. Rigs engaged in horizontal drilling fell 6 units 581, down 1,372 year-over-year. Directional drilling rigs decreased 3 units to 69.
Offshore rigs dropped 3 units to 30. Four rigs went offline offshore Louisiana, while 1 went online offshore Texas. Rigs drilling in inland waters edged down a unit to 2.
Canada also dropped 10 units this week, but most of those targeted gas. The country’s count is now 166, down 268 year-over-year. Gas-directed rigs lost 9 units to 99, while oil-directed rigs edged down a unit to 67.
Oklahoma, Louisiana lead losses
In the major oil- and gas-producing states, Oklahoma and Louisiana each declined 4 units to respective totals of 81 and 65. Oklahoma’s total is its fewest since Nov. 20, 2009, and down 133 year-over-year. Louisiana’s total ties its lowest level since BHI began tracking states’ rig counts in December 2000.
The Mississippian dropped 3 units to 9, down 66 year-over-year.
Colorado and Wyoming each dropped 3 units to 29 and 21, respectively. For Colorado, it’s the state’s fewest since Mar. 14, 2003. The DJ-Niobrara edged down a unit to 27.
West Virginia lost 2 units to 14. Ohio edged down a unit to 19.
Six states were unchanged from a week ago: New Mexico, 38; Alaska, 13; Kansas and California, 10 each; Utah, 5; and Arkansas, 4.
North Dakota edged up 1 unit to 63. Pennsylvania rose 2 units to 30. Texas posted its second gain in 3 weeks, leading the states by adding 4 units to reach a total of 342, still down 564 year-over-year.
The Eagle Ford increased 2 units to 75, while the Permian dropped 4 units to 225, down 340 year-over-year.
Contact Matt Zborowski at [email protected].