US rig count inches up, Canada rig count drops

Oct. 11, 2024
The active rig count in the US was up a single unit to 586 for the week ended Oct. 11, according to Baker Hughes data.

The active rig count in the US was up a single unit to 586 for the week ended Oct. 11, according to Baker Hughes data.

US oil-directed rigs increased by 2 units to 481 for the week, down 20 units year-over-year. Gas-directed rigs were down by 1 unit at 101, down 16 units year-over-year. Four rigs considered unclassified remained active during the week, unchanged from last week.

US land-based rigs rose by 1 to 567. Horizontal rigs decreased 3 to 519. Directional drilling rigs increased by 6 to 55 for the week, while the vertical rig count fell by 2 to 12 this week. The number of rigs working offshore remained unchanged at 18.

Texas had the largest rig increase in the major oil- and gas-producing states with a 6-unit gain to reach 285 rigs working. Oklahoma added one unit to reach 41 rigs working this week.

New Mexico, Louisiana, and Pennsylvania each dropped 2 rigs to end the week with respective counts of 99, 38, and 13.

Canada’s rig count fell by 4 rigs to 219, but the count is up 26 units from this time a year-ago. The number of gas-directed rigs increased by 2 units to 65 while those drilling for oil decreased by 3 to end the week with 154 units working. The number of unclassified rigs in Canada fell by 3 to leave no such rigs working this week.