The US drilling rig count plunged 90 units—a majority of which were in Texas—to settle at 1,543 rigs working during the week ended Jan. 30, Baker Hughes Inc. reported.  That total is the lowest since June 18, 2010, and 242 units fewer compared with this week a year ago. The count has now fallen in 9 consecutive weeks, losing 377 units during that time (OGJ Online, Dec. 5, 2014).  During the week, 86 of the rigs lost were land-based, which now totals 1,482. Offshore rigs dropped 5 units to 49. Rigs drilling in inland water edged up a unit to 12.  Oil rigs plummeted 94 units to 1,223. Gas rigs, meanwhile, continued their upward shift, gaining 3 units to 319. Rigs considered unclassified edged up a unit, representing the only active rig.  Horizontal drilling rigs plunged 61 units to 1,168. Directional rigs fell 6 units to 140.  Canada’s rig count fell 38 units to a total of 394, 242 fewer than this time a year ago. Oil rigs lost 23 units to 200 and gas rigs fell 15 units to 194.

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Posted in: USA