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UNITED STATES RAISED FOUR NATURAL GAS RIGS THIS WEEK
March 29, 2018
The North American oil and gas rig count fell by 29 overall on Thursday from a week earlier, with Canada losing nearly all of the rigs, but the United States also raised four natural gas rigs, Baker Hughes Inc. (BHI) reported.
The bellwether rig count, issued a day early because of the Easter Holiday, showed 1,127 rigs running across North America as of Thursday, versus 1,156 a week earlier and 979 in the year-ago period.
A total of 993 rigs were running in the United States, off two week/week, while Canada was running 134, down from 161.
In the United States, 977 land rigs were in operation, off two from a week earlier, and versus 798 a year ago. Twelve rigs were running in the Gulf of Mexico,down one from a week ago and from 22 a year earlier. One U.S. rig was added to inland waters to bring the count to four, the same as a year ago.
The U.S. rig tally indicated 194 natural gas rigs were in operation, up four week/week and 34 higher than a year earlier. Another 797 domestic oil rigs were working, a decrease of seven from a week earlier but 135 higher year/year.
Canada had 63 gas rigs in operation as of Thursday, down five week/week and from 100 a year ago. It also had 71 oil rigs in operation, which was 22 fewer than a week earlier but 16 rigs more than a year ago.
By state, Pennsylvania added two rigs for the week, with one rig each raised in Louisiana, and Oklahoma. Texas lost two rigs for the week, while one rig each was lost in New Mexico, Ohio and West Virginia.
Like the previous week, Oklahoma’s Cana Woodford formation gained the most rigs at four; it was the only basin to raise more rigs. Three formations lost one rig each: Granite Wash, Permian and Utica.
Sixty U.S. directional rigs were in operation for the week, off two week/week and down by 10 from a year ago. The domestic horizontal count was flat at 870, but 185 higher year/year. The vertical rig tally in the United States stood at 63 for the week, also flat from a week ago, and down by six from last year.