The US drilling rig count is up 14 units to 1,081 rigs working for the week ended Nov. 9, according to Baker Hughes data. The count is up 174 units from the 907 rigs working this time a year ago.
At 1,057 rigs working, 11 more units were drilling on land week-over-week. Offshore units were up 3 to 21 rigs working, while those drilling in inland waters remained unchanged at 3 rigs working for the week.
US oil-directed rigs were up 12 units from last week to 886 units working, and up from the 738 rigs drilling for oil this week a year ago. Gas-directed rigs were up 2 at 195 units, and up from the 169 units drilling for gas a year ago.
Among the major oil and gas-producing states, Oklahoma and New Mexico saw the largest increases in rigs for the week with 4-unit gains each to reach 148 and 106 rigs running, respectively.
Louisiana increased its rig count by 3 to 65. Pennsylvania and Colorado each gained 2 units to reach 45 and 34 working rigs, respectively. North Dakota, 55, and Alaska, 6, were both up a single rig for the week.
Three states were unchanged this week: Wyoming, 30; West Virginia, 13; and California, 15.
Three states saw a single-rig drop: Texas, 532; Ohio, 17; and Utah, 5.
Canada lost 2 rigs for the week. With 196 rigs running, the count is less than the 203 units drilling this week a year ago. Canada dropped 4 oil-directed rigs to reach 117 units for the week but gained a pair of gas-directed rig to reach 79 units.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco
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