U.S. drillers added 19 oil and gas rigs last week, the largest rig count jump this year.
According to Baker Hughes, the number of rigs drilling for oil and gas jumped by 19 to 876 rigs during the week ending on July 24, about 1,000 rigs less than were operating a year ago.
U.S. drillers added 21 oil rigs last week, bringing the country’s total oil rig count to 659 rigs, down from 1,562 rigs a year ago.
The number of rigs looking for gas in the United States ticked down to 216 rigs after a two rig loss.
The directional drill count slipped by one down to 83 rigs while the horizontal rig count climbed to 83 rigs after adding 12 rigs last week.
The vertical rig count sunk by eight to 131 rigs last week.
Louisiana and Texas were the big winners last week, adding seven and eight rigs respectively.
Rig counts in Alaska, Arkansas, California, Colorado, Kansas, Utah, West Virginia and Wyoming held steady from last week.
New Mexico, North Dakota and Pennsylvania each added one rig.
The Williston Basin, home of the prolific Bakken shale play, added one rig, bringing the basin’s count up to 70 rigs.
The Eagle Ford Basin, located in Texas, saw its count jump to 100 rigs after adding two rigs last week.
Drillers in the Haynesville Basin that stretches from East Texas into Louisiana added three rigs last week, bringing the play’s count up to 29 rigs compared to 43 rigs last year.
The rig count in the Gulf of Mexico held steady at 31 rigs while Canada recorded an eight rig bump thanks to gas rig adds.