The US drilling rig count surpassed the 1,900 mark for the first time since August 2012, jumping 19 units to 1,908 rigs working during the week ended Aug. 8, Baker Hughes Inc. reported. Meanwhile, the average US rig count for July, released by BHI on Aug. 7, totaled 1,876 units, a 15-unit gain from June and a 110-unit gain from July 2013. The worldwide rig count for July totaled 3,608, a 163-unit gain from June and a 246-unit gain from July 2013. During the past week, land rigs jumped 18 units to 1,832, while offshore rigs tallied 4 units to reach 62. Rigs drilling in inland waters dropped 3 units to 14. Oil rigs represented most of the weekly gain, tallying 15 units to reach 1,588. Gas rigs tallied 3 units to 316, and rigs considered unclassified edged up a unit to 4. Horizontal drilling […]

Posted in: USA