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US total rig count continues to climb, tops 900

During the week ended May 26, the total U.S. rig count continued to gain ground, rising by seven to a total of 908, its highest level since the week ended April 24, 2015, Baker Hughes Inc.'s latest North America Rotary Rig Count released May 26 shows.

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U.S. oil-directed rigs were up two to a total of 722 and rose 406 from the same week in 2016. Natural gas-directed rigs rose five to a total of 185, which is 98 rigs above the figure recorded during the corresponding week a year earlier.

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The North American rig count jumped 15 to a total of 1,001, which is up 554 on the year. Canadian rigs increased eight to a total of 93 and were up 50 on the year.

U.S. land rigs advanced seven to a total of 881 and were up 507 on the yearly period. Inland water rigs were unchanged at a total of four but were down two from the same week in 2016. Offshore rigs were unchanged on the week and down one on the year at a total of 23.

By trajectory, vertical rigs increased one to a total of 77 and were up 31 from the corresponding week the year prior. Directional rigs were down one to a total of 65 but were up 21 year over year. Horizontal rigs advanced seven on the week to a total of 766 and increased 452 from the same week in 2016.

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