The US drilling rig count lost 7 units to settle at 1,854 rigs working during the week ended May 2, Baker Hughes Inc. reported. All 7 units were land-based oil rigs. There are now 1,786 land rigs in operation. Offshore rigs and rigs drilling in inland waters are unchanged at 54 and 14, respectively. Oil rigs now represent 1,527 units working. Gas rigs and rigs considered unclassified are unchanged at 323 and 4, respectively. Horizontal drilling rigs gained 2 units to 1,247 while directional drilling rigs lost 7 units to 211. In Canada, a 5-unit loss to 163 was comprised of a 3-unit drop in gas rigs to 96 and 2-unit subtraction in oil rigs to 67. Canada now has 42 more rigs compared with this week a year ago. Major states, basins Just three of the major oil- and gas-producing states reported increases in their rigs counts. Oklahoma […]