The US drilling rig count fell by 8 units to settle at 605 rigs working during the week ended May 3, Baker Hughes reported Friday.
The total is 143 fewer than the 748 units drilling this week a year ago.
During the week, 9 land-based rigs were dropped to reach a total of 587 rigs running. The count is 138 fewer than this time last year. Rigs drilling offshore increased by 1 unit to hit 18 working for the week, 3 fewer than this time last year. Rigs drilling in inland water were unchanged at 0.
Oil-directed rigs dropped by 7 units this week to 499. The count is 89 fewer than the same period in 2023. The number of rigs drilling for gas decreased by 3 units to hit 102 for the week. There were 157 rigs drilling for gas this time last year. The number of rigs considered unclassified edged up 2 units to end the week at 4.
Horizontal drilling rigs were unchanged at 552, down 124 from this time last year. Directional rigs fell 7 units to 40.
Canada’s rig count increased by 2 units to a total of 120, 27 more than this time a year ago. Oil rigs gained 4 units to 60 and gas rigs fell 2 units to 60.
Texas dropped 5 units to 292. Alaska also saw a 5-unit decline to end the week with 9 rigs running. Utah’s rig count declined by 1 unit to reach 11 for the week.
Louisiana gained 2 rigs to end the week with 38 and New Mexico added a single rig to exit the week with 108 units working.
