The US drilling rig count was up 13 units to 1,059 the week ended May 25, according to Baker Hughes data. The count is up 151 units from this time a year ago when the count stood at 908.
Offshore units were unchanged from last week with 19 rigs working. A total of 1,036 rigs were drilling on land, up 13 from last week. The number of rigs drilling in inland waters was unchanged at 4 units.
US oil-directed rigs were up 15 units this week to 859 and also up from the 722 rigs drilling for oil this week a year ago. Gas-directed rigs shed 2 units and now total 198. This time a year ago, 185 units were drilling for gas.
Among the major oil and gas-producing states, Texas bound past the rest with a gain of 9 units to hit 534 rigs running. Oklahoma, Colorado, and Alaska each had a 2-unit gain to reach 140, 31, and 9 units, respectively. North Dakota gained 1 rig to reach 56, as did West Virginia to reach 18.
Six states remained unchanged this week: Pennsylvania, 39; Wyoming, 26; Ohio, 23; California, 15; Utah, 8; and Arkansas, 1.
Three states dropped a single rig each: New Mexico, 91; Louisiana, 60; and Kansas, 0.
Canada lost 2 rigs to 81 working from a week ago. There are 12 fewer rigs working than this week a year ago. Oil-directed rigs decreased 3 units this week to 35, while those targeting gas gained 1 unit to 46.
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Related stocks: Keppel Corp, SembCorp Marine, Cosco
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