The U.S. rig count hit a 13-year low last week after recording a 14 rig loss.

According to Baker Hughes, the number of oil and gas rigs drilling in the United States fell by 14 to 795 rigs as of October 9, a significant fall from the 1,930 rigs drilling  during the same time last year.

The drop marks the first time since 2002 that the U.S. rig count has fallen below 800, according to historical data provided by Baker Hughes.

U.S. oil drillers dropped nine rigs last week, pulling the oil rig count down to 605 rigs compared to the 1,609 rigs drilling for oil last year.

The gas rig count slipped by six rigs down to 189 while the horizontal rig count fell to 598 after losing 11 rigs.

The vertical rig count ticked down by three to 114 rigs and the directional rig count held steady from last week at 83 rigs.

Kansas, Louisiana, North Dakota, Ohio and Pennsylvania lost one rig each.

Rig counts in Alaska, Arkansas, California, New Mexico, Utah, West Virginia and Wyoming were unchanged from last week.

Oklahoma led the pack with a six rig loss.

Texas came in at a close second with a four rig loss after drillers in the Eagle Ford Basin dropped two rigs and the Permian Basin recorded a 10 rig drop.

The Williston Basin, home of the Bakken shale play, and the Utica Basin each lost one rig last week.

Drillers in Canada managed to add one rig last week after dropping three gas rigs but picking up four oil rigs.

The Gulf of Mexico saw its rig count tick up to 31 after a two rig gain.


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