Image courtesy of Baker Hughes.

The U.S. rig count declined for the twentieth straight week on Friday after losing 22 rigs last week.

According to Baker Hughes U.S. drillers were operating 932 rigs as of April 24, a huge fall from the 1,861 rigs that were active a year ago.

The last time the U.S. rig count sat below 950 was in July 2009.

The total North American rig count has been halved since last year, falling from 2,029 rigs in 2014 to 1,011 rigs last week.

Upstreams operating in the United States had 895 rigs looking for onshore pay last week, down from 1,793 rigs a year ago.

Rigs looking for oil plummeted by 31 to 703 rigs last week, down from 1,534 rigs a year ago, while the number of rigs drilling for gas fell by 8 to 225 rigs.

The U.S. directional rig count held steady from last week at 91 rigs but the horizontal rig count dropped by 21 to 720 rigs and the vertical rig count slid to 121 rigs, a one rig loss from last week.

Texas once again booked the most losses of any major state with a 19 rig drop dragging its count down to 393 rigs, less than half the number of rigs active in the state last year.

The Permian Basin accounted for most of the rigs drops in Texas after losing 12 rigs last week while the Eagle Ford play, also located in Texas, shed 8 rigs.

Despite the sagging rig counts drillers in Arkansas, California, Colorado, Kansas and Pennsylvania added one rig a piece while Louisiana added two rigs.

The Gulf of Mexico saw its count tick up by one rig to 33 while Canada’s total count slipped to 79 rigs, a one rig loss from last week.


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