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US total rig count up 1 in week to Dec. 22

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US total rig count up 1 in week to Dec. 22

The combined oil and natural gas rig count in the United States increased one during the week ended Dec. 22 to a total of 931, according to Baker Hughes Inc.'s latest North America Rotary Rig Count. The total count sits 278 rigs above the corresponding week a year earlier.

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Oil-directed rigs were unchanged on the week holding at a total of 747, which was up 224 from the same week in 2016. Natural gas-directed rigs increased one on the week at 184 and were up 55 rigs on the year.

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The North American rig count tumbled 27 on the week and is up 264 on the year to a total of 1,141, as Canadian rigs fell by 27 on the week and were down 14 on the year to a total of 210.

During the week ended Dec. 22, U.S. land rigs were up one at a total of 910, which was up 283 from the corresponding year-ago period. Inland water rigs held flat on the week but were up one on the year at a total of two. Offshore rigs were also unchanged on the week and off six on the year at a total of 19.

By trajectory, vertical rigs were up four on the week and were down five on the year to 64. Directional rigs slipped three on the week at 66, which was up eight on the year. Horizontal rigs were flat on the week at 801, 275 rigs better than the same week in 2016.

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