The US drilling rig count dropped 4 units to settle at 1,871 rigs working during the week ended July 18, Baker Hughes Inc. reported. All four of those units were land rigs, which relinquished 5 overall to 1,796. Offshore rigs edged up a unit to 57. Rigs drilling in inland waters were unmoved from last week at 18. Gas rigs rose 4 units to 315, cutting into a 9-unit fall in oil rigs to 1,554. Rigs considered unclassified edged up a unit to 2. Horizontal drilling rigs jumped 23 units to 1,288 while directional drilling rigs relinquished 5 units to 217. Canada’s rig count leaped 66 units to 381, a 57-unit gain from this week a year ago. A vast majority of those rigs targeted oil, which jumped 48 units to 226. Gas rigs increased 18 units to 155. Major states, basins North Dakota and Louisiana each gained […]