Increased oil drilling in Canada again offset a decrease in the US rig count, leading to a 4-rig overall increase in the North American rig count for the week ended June 21, according to Baker Hughes data.
Canada ended the week with 166 rigs working, a 6-unit increase over last week. The count is down 3 units from the 169 rigs working this time last year. There were 5 additional rigs drilling for oil this week, bringing the count to 109 for the week. Two additional rigs were drilling for gas for a total of 57.
In the US, 2 fewer rigs were running for a total of 588. The count is down 94 from the 682 rigs working in the US this time last year.
Three fewer rigs were drilling for oil in the US this week for a total of 485. Gas-directed rigs were again unchanged at 98. A year ago, 130 units were drilling for gas in the US and its waters.
The number of rigs drilling on land decreased by 2 rigs to leave a total of 567 rigs working for the week. Drilling rigs in inland waters were again unchanged at 0. There were 21 rigs drilling offshore, unchanged from last week.
Of the major oil and gas producing states, Texas saw the largest decline in rigs. With 282 rigs working for the week, the count is 3 fewer than last week. Oklahoma’s rig count shrunk by 2 rigs to leave 35 rigs working. North Dakota increased its rig count by 2 units to end the week with 34 rigs. Louisiana and California each gained a single unit to end the week with respective counts of 40 and 5 rigs.