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Total US rig count slips in week to Oct. 5

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Total US rig count slips in week to Oct. 5

The combined oil and natural gas rig count in the United States was down two to 1,052 rigs in the week to Oct. 5, according to Baker Hughes' latest North American Rotary Rig Count.

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The total count sits 116 rigs above the corresponding week a year earlier.

Oil-directed rigs were down two on the week to 861, which is up 113 from the same week in 2018, while gas-directed rigs were unchanged on the week and up two on the year at 189. Miscellaneous rigs held steady at two, which is one more than the corresponding week a year ago.

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The North American rig count was up two on the week and is up 89 on the year to a total of 1,234, as Canadian rigs were up four on the week and were down 27 on the year at a total of 182.

During the week ended Oct. 5, U.S. land rigs were down three at a total of 1,026, which is up 113 from the corresponding year-ago period. Inland water rigs were down two on the week and were up two on the year at a total of three. Offshore rigs were up three on the week and were up one on the year at a total of 23 rigs.

By trajectory, directional and horizontal rigs were each down three on the week to totals of 66 rigs and 919 rigs, respectively. Directional rigs were down 13 compared to the year-ago period, while horizontal rigs were 127 above the year-ago level. Vertical rigs were up four on the week and up two on the year at a total of 67.

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