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U.S. rig count up by 11 this week

Rig Lynx
  • By Rig Lynx
  • Oct 13, 2018
  • Category : Weekly Rig Count
  • Views : 683

The US drilling rig count jumped 11 units to 1,063 rigs working for the week ended Oct. 12, according to Baker Hughes data. The count is up 135 units from the 928 rigs working this time a year ago.

All 11 rigs were attributed to those drilling on land as the number increased 11 units to 1,037 for the week. Offshore units and those drilling in inland waters remained unchanged for the week at 23 and 3, respectively.

US oil-directed rigs were up 8 units from last week to 869 units working, and up from the 743 rigs drilling for oil this week a year ago. Gas-directed rigs were up 4 units to 193, and up from the 185 units drilling for gas one year ago. Unclassified rigs were down 1 unit, leaving 1 unit working.

Among the major oil and gas-producing states, Texas saw the largest increase in rigs for the week with an 8-rig jump to 532.

New Mexico was up 3 units week-over-week to 102, while Louisiana gained a pair of rigs to reach 64 units working.

Colorado and Wyoming each gained 1 rig to reach 33 and 30, respectively.

Seven states were unchanged this week: North Dakota, 52; Pennsylvania, 45; West Virginia, 13; California, 13; Utah, 6; Alaska, 5; and Kansas, 1.

Oklahoma and Ohio each dropped a single rig to reach 142 and 17, respectively.

Canada gained 13 rigs for the week. With 195 rigs running, the count falls short of the 212 units drilling this week a year ago. Canada gained 8 oil-directed rigs to reach 127 units for the week and gained 5 gas-directed rigs to reach 68 units.

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