Land rigs accounted entirely for the sharp 23-unit increase in the US drilling rig count during the week ended Jan. 17, Baker Hughes Inc. reported. The US now has 1,777 rigs working. Rigs drilling offshore and in inland waters each were unchanged from a week ago, remaining at respective totals of 57 and 20. Oil rigs grew by 15 units to 1,408 while gas rigs gained 8 units to 365. Rigs considered unclassified remained at 4 total, unchanged from last week. Horizontal drilling rigs claimed 15 more units to reach 1,173 as directional drilling rigs relinquished 5 units to settle at 219. For the second consecutive week, Canada experienced a large rise in its rig count, leaping 88 units to 565. A vast majority of those units were oil rigs, which rose 79 units to 379. Gas rigs increased 9 units to 186. Canada now has 36 fewer rigs […]