Baker Hughes: US rig count down 62 units to 602

The US drilling rig count dropped 62 units to reach 602 rigs working for the week ended Apr. 9, according to Baker Hughes data. The count is down 420 units from the 1,022 rigs working this time a year ago.

Baker Hughes released its rig count data a day early because of the Good Friday holiday Apr. 10.

The number of rigs drilling on land fell 62 units week-over-week to a total of 584 rigs running. The number of rigs drilling in inland waters remained unchanged at 0 units. The number of rigs drilling offshore remained unchanged at 18 units.

US oil-directed rigs decreased by 58 from last week to 504 units. A year ago, 833 units were drilling for oil. Gas-directed rigs fell by 4 to 96 rigs, 93 fewer than were drilling for gas a year ago.

None of the major oil and gas-producing states saw an increase in rigs week-over-week.

For the third straight week, Texas saw the largest drop in rigs. With 302 rigs running, the count is 36 fewer than last week. New Mexico dropped 7 rigs for the week to reach 93 rigs working. Wyoming dropped 4 rigs week over week to reach 10 units. Three rigs were dropped in Oklahoma, leaving 26 units for the week.

Four states saw a 2 unit-decrease for the week, namely Colorado, 16; California, 8; Alaska, 6; and Utah, 6.

Louisiana, 43; North Dakota, 41; and West Virginia, 14, were all down a single unit for the week.

Three states remained unchanged this week, namely Pennsylvania, 24; Ohio, 9; and Kansas, 0.

Canada’s rig count fell by 6 units for the week. At 35 rigs, the count is 31 fewer than the 66 units drilling this week a year ago. A 3-rig loss brought the oil-directed rig count to 6 for the week. Gas-directed rigs in Canada decreased by 3 units to reach 29.