The US drilling rig count is down 2 units to 1,052 rigs working for the week ended Oct. 5, according to Baker Hughes data. The count is up 116 units from the 936 rigs working this time a year ago.
Rigs drilling on land fell 3 units to 1,026 for the week. Offshore units gained 3 units to 23 rigs working, while those drilling in inland waters dropped by 2 to reach to total of three rigs working for the week.
US oil-directed rigs were down 2 units from last week to 861 units working, and up from the 748 rigs drilling for oil this week a year ago. Gas-directed rigs remained unchanged at 189, up from the 187 units drilling for gas one year ago.
Among the major oil and gas-producing states, Oklahoma and New Mexico saw the largest increase in rigs for the week, each with a 2-unit gain to reach 143 and 99, respectively.
Pennsylvania and Kansas each gained a single rig with 45 and 1 rig running, respectively.
Six states were unchanged this week: Louisiana, 62; Wyoming, 29; Ohio, 18; West Virginia, 13; California, 13; and Utah, 6.
Texas dropped the most rigs, ending the week down 5 units to 524. North Dakota, 52; Colorado, 32; and Alaska, 5; each dropped a single unit.
Canada gained 4 rigs for the week. With 182 rigs running, the count falls short of the 209 units drilling this week a year ago. Canada dropped 3 oil-directed rigs to reach 119 units for the week, but gained 7 gas-directed rigs to reach 63 units.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco
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