The US drilling rig count is up 1 unit to 1,082 rigs working for the week ended Nov. 16, according to Baker Hughes data. The count is up 167 units from the 915 rigs working this time a year ago.
At 1,058 rigs working, an additional unit was drilling on land week-over-week. Offshore units also were up by 1 to reach 22 rigs working, while those drilling in inland waters dropped a single unit to 2 rigs working for the week.
US oil-directed rigs were up 2 units from last week to 888 units working, and up from the 738 rigs drilling for oil this week a year ago. Gas-directed rigs were down a single unit at 194, and up from the 177 units drilling for gas a year ago.
Among the major oil and gas-producing states, Texas and Pennsylvania were the only two states to see a week-over-week increase. The rig count in Texas was up 3 units to reach 535 rigs running, while Pennsylvania saw a single-unit gain to reach 46.
Eight states were unchanged this week: Louisiana, 65; North Dakota, 55; Colorado, 34; Wyoming, 30; California, 15; West Virginia, 13; Alaska, 6; and Utah, 5.
Oklahoma dropped 2 units to 146, and Ohio dropped a single unit to 16.
Canada gained a single rig for the week. With 197 rigs running, the count is less than the 208 units drilling this week a year ago. The additional rig is oil-directed, bringing the count to 118 rigs for the week. Gas-directed rigs in Canada remained unchanged at 79 units.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco.
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