The U.S. rig count posted its first double digit gain this year as drillers added ten rigs.
The number of oil and gas rigs operating in the United States climbed to 424 rigs as of June 17, compared to 857 rigs a year ago, according to Baker Hughes.
The additions mark the third straight week of U.S. rig gains.
The U.S. oil rig count rose to 337 rigs after a nine rig gain, down from 631 rigs a year ago.
Gas drillers ticked up to 86 rigs after a one rig gain, still down from 223 rigs during the same week last year.
The directional drill count held steady at 45 rigs while the horizontal rig count rose to 326 rigs after a three rig gain.
The vertical rig count increased by seven to 53 rigs compared to 100 rigs a year ago.
Texas gained 13 rigs last week, the largest gain of any major producing state.
Drillers in West Virginia added two rigs last week while Alaska and Louisiana each lost one rig last week.
Rig counts in Arkansas, California, Colorado, Kansas, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah and Wyoming held steady from last week.
The Barnett Basin added five rigs last week while the Cana Woodford Basin gained three rigs.
The Eagle Ford and Permian basins each gained four rigs last week.
The rig count in the Marcellus Basin ticked up by one rig while the Mississippian Basin lost one rig.
Canada’s rig count climbed by four after losing one oil rig but gaining four gas rigs and adding one miscellaneous rig.
The Gulf of Mexico’s rig count rose to 21 after a one rig gain, compared to 27 rigs a year ago.