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Total US rig count up 3 in final week of 2018

The combined oil and natural gas rig count in the United States was up three to 1,083 rigs in the week to Dec. 28, according to the latest North American Rotary Rig Count from Baker Hughes a GE company.

The total count sits 154 rigs above the corresponding week a year earlier.

Oil-directed rigs were up two on the week to a total of 885, which is up 138 from the same week in 2017, while gas-directed rigs were up one on the week and up 16 on the year at 198.

The North American rig count was down 58 in the week and was up 88 on the year to a total of 1,153 rigs, as Canadian rigs plunged 61 in the week and were down 66 on the year to a total of 70 rigs.

During the week ended Dec. 28, U.S. land rigs were up three to 1,056, which is 147 above the year-ago level. Inland-water rigs were steady on the week at three, up one from the year-ago period. Offshore rigs were also unchanged on the week and were up six on the year at a total of 24 rigs.

By trajectory, directional rigs and vertical rigs were each down by one rig in the week. Directional rigs at 70 are two more than the previous-year period, while vertical rigs at 68 are three more than the same week in 2017. Conversely, horizontal rigs were up five in the week and up 149 on the year to a total of 945.