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US total rig count jumps with gains in both oil and gas tallies

The combined oil and natural gas rig count in the United States was up 13 in the week to May 11 to 1,045, according to the latest Baker Hughes Inc North American Rotary Rig Count.

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The total count sits 160 rigs above the corresponding week a year earlier.

Oil-directed rigs were up ten on the week to a total of 844, which was up 132 from the same week in 2017. Natural gas-directed rigs were up three on the week to 199 and were up 27 rigs on the year.

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The North American rig count was up six on the week and is up 159 on the year to a total of 1,124, even as Canadian rigs tumbled by seven on the week and were down one on the year to a total of 79.

During the week ended May 11, U.S. land rigs were up ten at a total of 1,021, which was up 161 from the corresponding year-ago period. Inland water rigs were up one on the week and down one on the year at a total of three. Offshore rigs were up two on the week and unchanged on the year at a total of 21.

By trajectory, vertical rigs were unchanged on the week and down 22 on the year to a total of 55 and horizontal rigs were up five on the week and up 176 on the year to a total of 918. Directional rigs were up eight on the week at 72, which was up six on the year.

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