U.S. drillers added 12 new oil rigs last week for an overall gain of three rigs, marking the second straight week that the country’s rig count has climbed.
According to Baker Hughes, the U.S. rig count hit 862 for the week ending on July 2, up three rigs from last week but still down from 1,874 rigs a year ago.
The number of rigs looking for oil in the United States climbed by 12 to 640 rigs. That’s still down from 1,562 rigs a year ago.
U.S. gas drillers dropped nine rigs last week, dragging the gas rig count to 219.
The directional drill count ticked down by one to 97 rigs while the number of horizontal rigs jumped by three to 657 rigs.
The vertical rig count inched up to 108 rigs after adding one rig last week, down from 384 rigs operating a year ago.
Rig counts in Alaska, California, Pennsylvania and Wyoming held steady from last week.
Arkansas, Colorado, Kansas and West Virginia each dropped one rig while Ohio and Oklahoma added one rig a piece.
Texas added two rigs last week bringing the state’s count up to 363 rigs compared to 896 rigs looking for oil and gas in the state during the same period last year.
North Dakota also added two rigs and saw its count climb to 76 rigs, still only a fraction of the 171 rigs operating a year ago.
The Eagle Ford Basin, located in Texas, recorded a three rig gain last week that brought the play’s total count up to 106 rigs.
Drillers in the Williston Basin, home of the prolific Bakken shale play, also added three rigs last week and pushed the basin’s count up to 77 rigs, still about 100 rigs shy of last year’s level.
The number of rigs drilling in the Gulf of Mexico jumped to 29 after booking a one rig gain.