Baker Hughes: US drilling rig count drops to 1,743
The US drilling rig count lost 13 units to 1,743 rigs working during the week ended Oct. 11, Baker Hughes Inc. reported.
Land-based rigs dropped 6 units to 1,668 while offshore rigs declined by 7 units to 58. There were 17 rigs drilling in inland waters, unchanged from last week.
Rigs targeting oil decreased by 5 units to 1,367. Rigs drilling for gas fell 9 units to 369. One more rig considered unclassified was activated from a week ago, bringing that total to 7.
Horizontal drilling rigs gained 7 units to reach 1,106. Directional drilling rigs, meanwhile, were down 13 units to 228.
In Canada, there was a 4-unit decline compared with a week ago to 357 rigs working. A 5-unit gain in oil rigs to 214 was more than nullified by a 9-unit regression in gas rigs to 143. Compared with a year ago, Canada has 4 fewer rigs working.
Major states, basins
Oklahoma topped the major oil and gas producing states for the second consecutive week, this time adding 7 units to reach a total of 178. Pennsylvania and Alaska each jumped 4 units to respective totals of 58 and 11. New Mexico was up 2 units to 75. Ohio and Arkansas each increased by a single unit to 35 and 12, respectively. Unchanged from a week ago were Colorado at 70, Wyoming at 49, and Utah at 29. North Dakota was down 1 unit to 170. California decreased by 2 units to 40. West Virginia and Kansas each declined by 4 units to respective totals of 30 and 24. Louisiana lost 6 units to 106. Texas, which tied with Oklahoma for the largest gain last week, experienced the largest loss this week, falling 8 units to 822.
Noteworthy changes this week in major US basins included a 2-unit addition in the Utica to 38 rigs working. Meanwhile, the Eagle Ford dropped 6 units to 221.