US Rig Count Barely Budges
The U.S. rig count is up one rig from last week to 791, with oil rigs up one to 679, gas rigs flat at 110, and miscellaneous rigs unchanged at two, according to the latest numbers from Baker Hughes.
Year on year, the U.S. rig count is down 256 rigs from last year's 1,047, with oil rigs down 174, gas rigs down 84, and miscellaneous rigs up two to two.
The U.S. Offshore Rig Count is down one to 22 but up three rigs year-over-year, according to Baker Hughes.
Meanwhile, in Canada the rig count dropped 11 rigs from last week to 244, with oil rigs down three to 169 and gas rigs down eight to 75. On a brighter note, the region is up 32 rigs from last year's 212, with oil rigs up 25 and gas rigs up seven.
The following states dropped rigs this week:
Oklahoma added a rig and New Mexico added two.
The rig counts for all the major basins remained flat except for the following changes:
DJ Niobrara (-1)
The Permian now has 409 active rigs, which accounts for more than half of the total of active rigs in the U.S.
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