The U.S. rig count booked yet another week of losses after drillers dropped seven rigs last week.
According to Baker Hughes, the U.S. rig count fell to 868 rigs as of the week ending on June 5, down nearly 1,000 rigs from a year ago.
The rig drops mark the twenty sixth consecutive week of U.S. rig count losses.
The number of rigs looking for oil in the United States fell by four to 642 rigs while the number of gas rigs slipped to 222 after a three rig loss.
Directional drillers added six rigs last week and horizontal drillers saw their rig count slide down to 673 rigs after a one rig loss.
The vertical rig count sunk to 99 rigs last week after a 12 rig loss.
Texas once again led the pack with a five rig loss that brought the oil rich state’s count to 364 rigs, down from 896 rigs a year ago.
New Mexico lost two rigs while Arkansas, North Dakota, Ohio and Pennsylvania each dropped one rig.
Rig counts in Alaska, Oklahoma and Wyoming held steady from last week.
Drillers in the Eagle Ford Basin, located in Texas, dropped seven rigs last week and pulled the play’s count down to 103 rigs from 214 rigs last year.
The Permian Basin, also located in Texas, saw its count tick up to 233 rigs after adding one rig.
The Williston Basin, home of the Bakken shale play, booked a one rig drop that dropped its count to 76 rigs, down from 178 rigs a year ago.
The Ardmore Woodford, Barnett, Granite Wash, Marcellus, and Mississippian basins each added one rig.
Canadian drillers built on the previous week’s gains and added 18 rigs last, pushing the country’s count up to 214 rigs.
North America’s total rig count rose to 984 rigs last week after adding 11 rigs, down from 2,074 rigs looking for oil and gas in the region a year ago.
The Gulf of Mexico saw its count drop to 27 rigs after a two rig loss, nearly half of the 56 rigs operating in the area last year.