The combined U.S. oil and natural gas rig count dropped again during the week ended Oct. 13, declining eight rigs to a total of 928, according to Baker Hughes Inc.'s latest North America Rotary Rig Count. On the year, the total U.S. rig count was 389 rigs above the 2016 level.
Oil-directed rigs fell five on the week but were up 311 on the year at a total of 743. Natural gas-directed rigs were down two on the week but up 80 on the year to a total of 185. Miscellaneous rigs eased one on the week to zero.
The North American rig count was down five on the week to a total of 1,140, which is 436 above the total reported during the same week in 2016. Canadian rigs rose three to a total of 212, which is up 47 from the corresponding year-ago period.
During the week ended Oct. 13, U.S. land rigs were down six to a total of 907 but were up 394 from the same week in 2016. Inland water rigs were unchanged on the week at a total of one and decreased two on the yearly period. Offshore rigs were down two to a total of 20, which is three rigs lower than in the same week in 2016.
By trajectory, vertical rigs dropped two to a total of 63 but were up six from the same week in 2016. Directional rigs were unchanged on the week at a total of 79, which is up 28 on the year. Horizontal rigs eased by six on the week at 786 but were up 355 from the corresponding week a year earlier.
