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US rig count extends gains with increase in oil, gas rigs

The total U.S. rig count extended higher yet again, increasing during the week ended June 9 by 11 to a total of 927, maintaining its posture at the highest level since the week ended April 24, 2015, according to Baker Hughes Inc.'s latest North America Rotary Rig Count released June 9.

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U.S. oil-directed rigs rose eight to a total of 741 and were up 413 from the same week in 2016. Natural gas-directed rigs were up three on the week and 100 on the year to a total of 185.

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During the week ended June 9, the North American rig count advanced a stout 44 on the week to a total of 1,059, which is up 580 from the corresponding year-ago period. Canadian rigs increased 33 to a total of 132 and were up 67 from the same week a year earlier.

U.S. land rigs jumped 13 on the week and 514 on the year to a total of 902. Inland water rigs were down one on the week to a total of three and eased two from the same week in 2016. Offshore rigs slipped one on the week to a total of 22 but rose one from the year-ago level.

By trajectory, vertical rigs increased four to a total of 81 and rose 35 from the corresponding week the year before. Directional rigs fell two to 66, which is up 21 on the yearly period. Horizontal rigs jumped nine on the week to a total of 780, up 457 from the same week in 2016.

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