The U.S. rig count decline accelerated after weeks of small gains and losses, falling by 13 rigs last week.
According to Baker Hughes, the number of rigs drilling for oil and gas slipped to 864 rigs, down from 1,925 rigs drilling during same period last year.
Oil drillers dropped 13 rigs last week, pulling the U.S. oil rig count down to 662 rigs compared to 1,584 rigs last year.
The gas rig count held steady at 202 rigs while the horizontal rig count dropped to 659 rigs after a 13 rigs loss.
Directional drillers added five rigs last week, bumping the direction rig count up to 85 rigs.
A five rig loss dragged the vertical rig count down to 120 rigs, down from 368 rigs during the same period last year.
Drillers in Louisiana added four rigs last week while California and Oklahoma each added one rig.
Rig counts in Arkansas, Pennsylvania, Utah, West Virginia and Wyoming were unchanged from last week.
Alaska, North Dakota, and Ohio each lost one rig while Colorado, Kansas, New Mexico each dropped two rigs last week.
Texas was hit with an 11 rig loss last week, with drillers in the Eagle Ford Basin dropping four rigs and drillers in the Permian Basin dropped two rigs.
The Williston Basin, home of the Bakken shale play, and the gas rich Utica Basin each recorded a one rig loss.
The Gulf of Mexico saw its count rise to 31 after a two rig gain.
Canada’s rig count fell by nine to 187 rigs after losing 10 oil rigs and adding one gas rig.