The US drilling rig count jumped 23 units to 1,792 rigs working during the week ended Mar. 7, Baker Hughes Inc. reported. All 23 of those rigs were land-based, bringing that total to 1,719. Unchanged from a week ago were rigs drilling offshore at 55 and rigs drilling in inland waters at 18. A 13-unit rise in oil rigs to 1,443 outdid a 10-unit increase in gas rigs to 345. Rigs considered unclassified were unchanged at 4. Horizontal drilling rigs leaped 21 units to 1,202 while directional drilling rigs edged up 1 to 198. Canada’s rig count, meanwhile, dropped 39 units to 587, but still remained 7 rigs higher than its tally from a year ago this week. A vast majority of those units lost were oil rigs, which relinquished 34 to a total of 389. Gas rigs declined 5 units to 198. Major states, basins Reflecting the upward […]

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