The US drilling rig count dropped a single unit to 1,738 rigs working during the week ended Oct. 25, Baker Hughes Inc. reported. A 4-unit gain in offshore rigs, bringing that total to 62, was offset by a 3-unit decline in land-based rigs to 1,659, and a 2-unit decline in rigs drilling in inland waters to 17. Gas rigs climbed 4 units to 376, which was nullified by a 4-unit dive in oil rigs to 1,357. Rigs considered unclassified lost 1 unit from a week ago to 5. Directional drilling rigs picked up 10 units to 249. Meanwhile, horizontal drilling rigs lost 1 unit to 1,098. In Canada, the rig count added 16 to reach a total of 404 rigs working. Rigs targeting oil comprised 14 of those gained, bringing that total to 249. Rigs targeting gas comprised the remaining 2 rigs gained, bringing that total to 155. Canada […]