The US drilling rig count relinquished 14 units to settle at 1,768 rigs working during the week ended Dec. 20, Baker Hughes Inc. reported. A decline of 16 units in land rigs to 1,687 was nicked by a 2-unit increase in offshore rigs to 61. Rigs drilling in inland waters were unchanged from a week ago at 20. Oil rigs were also down 16 units, settling at 1,395. Gas rigs collected 3 more units to reach 372. Rigs considered unclassified gave up 1 unit to settle at 1 total.   Directional drilling rigs fell 7 units to 223 while horizontal drilling rigs were down 5 to 1,140. In Canada, a 28-unit drop in oil rigs brought that total to 227 and the country’s overall total to 398. Unchanged from a week ago were gas rigs at 171. Canada has 14 mores rigs compared with this week last year.   […]

Posted in: USA