US, Canada rig counts little changed
There was little movement in rig counts in the US and Canada the week ended Dec. 12, according to Baker Hughes.
In the US, 548 rigs were working, down 1 unit from the prior week. The count is 41 units fewer than the 589 rigs working this time a year ago.
Rigs drilling on land in the US totaled 528, up 1 rig from last week. Offshore units were down 2 to 17. The number of rigs drilling in inland waters was unchanged at 3.
There were 10 rigs drilling in the Gulf of Mexico, down 2 from last week.
The number of rigs drilling for oil and the number of rigs drilling for gas changed only slightly week-over-week. There were 414 rigs drilling for oil in the US this week, up 1 unit from last week and down 68 from the same time last year.
The gas-directed rig count in the US was down 2 units to 127. That count is 24 more than the same period in 2024.
Among the major oil and gas-producing states, New Mexico saw the largest drop in rigs. With 104 rigs running, the count is 3 fewer than this time last week. Colorado dropped 1 unit to end the week with 12 rigs working.
Texas gained 2 units to end the week with 228. Louisiana and Ohio each added a single unit to end the week with 47 and 14 rigs working, respectively.
With 192 rigs running in Canada, 1 additional rig was working this week. In Canada, 123 rigs were drilling for oil, down 3 units from last week, while oil-directed rigs increased by 4 units to 69 rigs working.
