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US total rig count nudged higher by 1 gas rig

The combined oil and natural gas rig count in the U.S. was up one in the week to May 18 to 1,046, according to the latest Baker Hughes North American Rotary Rig Count.

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The total count sits 145 rigs above the corresponding week a year earlier.

Oil-directed rigs were unchanged on the week, holding to a total of 844, which was up 124 from the same week in 2017. Natural gas-directed rigs were up one on the week to 200 and were up 20 rigs on the year.

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The North American rig count was up five on the week and is up 143 on the year to a total of 1,129, as Canadian rigs climbed by four on the week and were down two on the year to a total of 83.

During the week ended May 18, U.S. land rigs were up two at a total of 1,023, which was up 149 from the corresponding year-ago period. Inland water rigs were up one on the week and unchanged on the year at a total of four. Offshore rigs were down two on the week and down four on the year at a total of 19.

By trajectory, vertical rigs were up six on the week and down 15 on the year to a total of 61, and horizontal rigs were up one on the week and up 160 on the year to a total of 919. Directional rigs were down six on the week at 66, which was unchanged on the year.

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