The US drilling rig count reduced by one unit, reaching 987, according to Baker Hughes. In addition, for the the week that ended in May 17, the US had 22 rigs working. In comparison to the same period last year, there are 59 units less, as the rig count last year was 1,046.
Two units were drilling offshore last week, while a total of 961 rigs were drilling on land, 3 lees from the week before. Moreover, the number of rigs drilling in inland waters remained at 4 units.
Oil rigs decreased by 3 units to 802, while gas rigs increased by 2, reaching a total of 185.
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Regarding specific states, Ohio experienced the largest increase in rigs with a 4, reaching 20. Wyoming’s rig count rose by 3, Louisiana gained 2, and finally New Mexico gained one unit and now has 103 rigs operating.
In addition, North Dakota, Colorado, California, Utah, Arkansas, and Kansas, did not see any changes in their rigs count.
On the other hand, Texas and Pennsylvania each lost 3 rigs, while the same happened to Oklahoma and Alaska, with each dropping 2 rigs.
With a single unit drop, West Virginia had one unit dropped, reaching 20 working rigs, while Canada’s rig count remained unchanged from a week ago with 63 rigs working.
Currently, there are 20 less rigs working than this week a year ago. Both oil and rigs have not changed, remaining at 22 and 41 rigs operating.