Baker Hughes: US rig count down 6 units to 969

The US drilling rig count fell 6 units, reaching 969 rigs working for the week ended June 14, according to Baker Hughes data. The count is down 90 units from the 1,059 rigs working this time a year ago.

The US drilling rig count fell 6 units, reaching 969 rigs working for the week ended June 14, according to Baker Hughes data. The count is down 90 units from the 1,059 rigs working this time a year ago.

The number of rigs drilling on land dropped 7 units week-over-week to a total of 941 units. The number of rigs drilling in inland waters was unchanged at 4 units for the week. The number of rigs drilling offshore increased by a single unit to 24.

US oil-directed rigs decreased by 1 from last week to reach 788 units. This time a year ago, 863 units were drilling for oil. Rigs targeting gas decreased by 5 units to reach 181 rigs, which was 13 fewer than were drilling for gas at this time a year ago.

Among the major oil and gas-producing states and for the second straight week, Texas dropped the largest number of rigs. At 467 rigs running, the count is 6 fewer than the previous week.

Wyoming and Alaska both dropped a single rig to reach 31 and 5 rigs running, respectively.

Ten states remained unchanged this week, namely New Mexico, 101; Oklahoma, 101; North Dakota, 56; Pennsylvania, 39; Colorado, 31; California, 18; West Virginia, 19; Ohio, 18; Utah, 6; and Arkansas, 0.

For the second week, Louisiana was the only state with an increase in rigs week over week. With an additional 2 rigs, the state saw 70 rigs running for the week ended June 14.

Canada’s rig count increased by 4 units for the week. At 107 rigs, the count is 32 fewer than the 139 units drilling this week a year ago. With 69 rigs drilling, Canada’s oil-directed rigs gained 10 units this week. Gas-directed rigs in Canada decreased by 6 units to reach 38.

More in Economics & Markets