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US rig count 3-week decline stopped by 5-rig gain

The combined oil and natural gas rig count in the United States was up five in the week to July 6 to 1,052, reversing the previous week's five-rig retreat and ending a three-week decline in the U.S. total rig count, according to the latest Baker Hughes North American Rotary Rig Count.

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The total count sits 100 rigs above the corresponding week a year earlier.

Oil-directed rigs accounted for the total weekly rig improvement up five on the week to a total of 863, which was up 100 from the same week in 2017. Natural gas-directed rigs were unchanged on the week at 187 and were down two rigs on the year.

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The North American rig count was up 15 on the week and is up 107 on the year to a total of 1,234, as Canadian rigs were up ten on the week and were up seven on the year to a total of 182.

During the week ended July 6, U.S. land rigs were up five to a total of 1,029, which was up 102 from the corresponding year-ago period. Inland water rigs were unchanged on the week and unchanged on the year at a total of four. Offshore rigs were also steady on the week and down two on the year at a total of 19.

By trajectory, vertical rigs were down one on the week and down 19 on the year to a total of 55 and horizontal rigs were up four on the week and were up 126 on the year to a total of 930. Directional rigs were up two on the week at 67, which was down seven on the year.

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