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Total US rig count rises by 11 as oil, natural gas rigs climb

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Total US rig count rises by 11 as oil, natural gas rigs climb

The combined oil and natural gas rig count in the United States was up 11 to 1,063 rigs during the week ended Oct. 12, according to Baker Hughes' latest North American Rotary Rig Count. The total count sits 135 rigs above the same week in 2017.

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Oil-directed rigs rose eight on the week to 869, which is up 126 from the same week a year earlier, while gas-directed rigs increased four on the week and were up eight on the year to 193. Miscellaneous rigs were down one on the week but up one on the year to a total of one rig.

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The North American rig count rose 24 on the week and 118 on the year to a total of 1,258. Canadian rigs were up 13 on the week but down 17 on the year to a total of 195.

During the week ended Oct. 12, U.S. land rigs increased 11 on the week and 130 from the same week in 2017 to a total of 1,037. Inland water rigs were unchanged on the week but up two on the year to a total of three. Offshore rigs were also unchanged on the week but up three on the year to 23 rigs.

By trajectory, directional rigs were up four on the week to a total of 70, which is down nine from the same period in 2017. Horizontal rigs climbed eight during the week under review and were up 141 on the year to 927. Vertical rigs dropped one on the week to a total of 66, which is up three from the corresponding year ago period.

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