The US drilling rig count jumped 19 units to reach 876 during the week ended July 24, according to data from Baker Hughes Inc. The gains came primarily from rigs drilling on land. Land rigs were up 17 units to 841. Those drilling in inland waters also increased, up 2 units to reach 4 rigs working. During the week, rigs targeting oil jumped 21 units to 659. Gas-directed rigs, meanwhile, were down 2 units to 216. Rigs considered unclassified were unchanged at 1 rig working. Rigs engaged in horizontal drilling increased 12 units to 662. Directional drilling rigs lost 1 unit to 83. Rigs drilling offshore and in the Gulf of Mexico were both unchanged this week, both maintaining counts of 31. Canada’s rig count continued its upward climb, increasing 8 units to an even 200. Its count has now risen in 9 of the last 11 weeks. This […]