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US oil rig count up another 15; gas rigs slip

Oil rigsin the U.S. climbed for a fourth straight week during the week ended July 22 whilethe natural gas rig count slipped one, according to the latest from Baker Hughes Inc.

The U.S.total rig count climbed15 at 462 during the week ended July 22. The figure was down 414 from the correspondingweek a year earlier and 1,569 rigs below the Sept. 12, 2008, peak of 2,031.

Naturalgas rigs were down one from the priorweek and down 128 from the same week a year ago, putting them 1,518rigs below the peak of 1,606 made in the week ended Sept. 12, 2008.

The numberof rigs targeting crude oil was up 14 versus the prior week but down 288 comparedto the year-ago week at 371, putting them 1,238 rigs below the record high of 1,609set in the week ended Oct. 10, 2014.

NorthAmerican rigs climbed 22 versus the prior week but were down 512 from the year-agoperiod at 564. Canadian rigs added seven at 102, but were down 98 from the year-agoperiod.

U.S.land rigs were up 18 versus the prior week and were 401 below the year-ago weekat 440. Inland water rigs remained unchanged versus the prior week and were downone from the year-ago week at three. At 19, offshore rigs were down three versuslast week and were 12 rigs below the year-ago week.

By trajectory,vertical rigs were up one on the week at 61 and were down 70 versus the prior year.At 44, directional rigs also added one versus the prior week but were down 39 fromthe year-ago period. Horizontal rigs jumped 13 at 357, but were still 305 belowthe year-ago week.