The US drilling rig count increased by 4 units to reach 585 rigs working for the week ended July 5, according to Baker Hughes data. The count is down 95 units from the 680 rigs working this time a year ago.
The number of rigs drilling on land was up 2 units week-over-week with a total of 562. The number of rigs drilling offshore was up 2 units to reach 23 rigs working. The number of rigs drilling in inland waters was unchanged at 0.
US oil-directed rigs were unchanged from last week with 479 rigs working. This time a year ago, 540 units were drilling for oil. Rigs targeting gas were up 4 units to 101, 34 fewer than were drilling for gas at this time a year ago.
Of the major oil and gas-producing states, Louisiana saw the largest uptick. A 3-rig increase brought the rig count in the state to 43 for the week.
Texas added a single unit to end the week with 278 rigs running.
Canada’s rig count decreased by 1 unit to 175 rigs drilling for the week. The count breaks even with the year-ago number. At 115 units, Canada’s oil-directed rig count is down a single unit from last week. The gas-directed rig count in Canada increased by 1 rig to 60 rigs running for the week.
Mikaila Adams | Managing Editor - News
Mikaila Adams has 20 years of experience as an editor, most of which has been centered on the oil and gas industry. She enjoyed 12 years focused on the business/finance side of the industry as an editor for Oil & Gas Journal's sister publication, Oil & Gas Financial Journal (OGFJ). After OGFJ ceased publication in 2017, she joined Oil & Gas Journal and was named Managing Editor - News in 2019. She holds a degree from Texas Tech University.
