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US total rig count inches higher in week to June 1

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US total rig count inches higher in week to June 1

The combined oil and natural gas rig count in the United States was up a single rig in the week to June 1 to 1,060, according to the latest Baker Hughes North American Rotary Rig Count.

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The total count sits 144 rigs above the corresponding week a year earlier.

Oil-directed rigs were up two on the week to a total of 861, which was up 128 from the same week in 2017. Natural gas-directed rigs were down one on the week to 197 and were up 15 rigs on the year.

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The North American rig count was up 19 on the week and is up 144 on the year to a total of 1,159, as Canadian rigs jumped by 18 on the week and were unchanged in the year to a total of 99.

During the week ended June 1, U.S. land rigs were up three at a total of 1,039, which was up 150 from the corresponding year-ago period. Inland water rigs were down two on the week and down two on the year at a total of two. Offshore rigs were also unchanged on the week and down four on the year at a total of 19.

By trajectory, vertical rigs were unchanged on the week and down 11 on the year to a total of 66 and horizontal rigs were up three on the week and up 158 on the year to a total of 929. Directional rigs were down two on the week at 65, which was down three on the year.

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