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Total US rig count up 9 as rising oil tally counters decline in gas rigs

The combined oil and natural gas rig count in the U.S. was up nine to 1,080 rigs in the week to Dec. 21, according to the latest North American Rotary Rig Count from Baker Hughes a GE company.

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The total count sits 149 rigs above the corresponding week a year earlier.

Oil-directed rigs were up 10 on the week to a total of 883, which is up 136 from the same week in 2017, while gas-directed rigs were down one on the week and up 13 on the year at 197.

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The North American rig count was down 34 on the week and was up 70 on the year to a total of 1,211 rigs, as Canadian rigs were down 43 on the week and were down 79 on the year to a total of 131 rigs.

During the week ended Dec. 21, U.S. land rigs were up by eight to 1,053, which is 143 above the year-ago level. Inland-water rigs were unchanged on the week at three rigs, up one from the year-ago period. Offshore rigs were up one on the week and were up five on the year at a total of 24 rigs.

By trajectory, directional rigs were down two on the week and up five on the year at a total of 71. Vertical rigs were also down two on the week to 69 rigs, which is five more than the same week in 2017. Conversely, horizontal rigs were up 13 on the week at 940 rigs, which is 139 above the same week a year earlier.

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