US Rig Count Jumps 13 To 1,045 Rigs
May 14, 2018
The US drilling rig count gained 13 units to reach 1,045 during the week ended May 4, data from Baker Hughes indicate. The report shows an overall increase of 160 units from year-ago levels.
Offshore units were up 2 this week at 22 rigs. A total of 1,021 rigs were drilling on land, up 10 units from last week. The number of rigs drilling in inland waters was up 1 unit to 3 rigs working.
Rigs targeting oil climbed 10 units to 844, and up 132 from the 712 rigs drilling for oil this week a year ago. Gas-targeted rigs were up 3 units to 199. This time last year, 172 units were drilling for gas.
Texas saw the largest increase in rigs week-over-week with a gain of 8 units to 523 rigs running. Oklahoma and Colorado gained 3 units each to hit 138 and 30, respectively. Alaska is up 2 units to 8 rigs running. Louisiana and West Virginia each gained 1 unit to 62 and 17, respectively.
Six states remained unchanged week over week, namely North Dakota, 56; Pennsylvania, 39; Ohio, 24; California, 15; Utah, 8; and Arkansas, 1.
New Mexico dropped 4 units to 89 rigs running. Wyoming is down 1 unit to reach 26.
The rig count in Canada is down 7 units to 79. This time a year ago, 80 rigs were working. Oil-directed rigs were down 5 units this week to 32, while those targeting gas dropped 2 units to 47.
Source: Oil and Gas Journal