The U.S. rig count fell for the first time this month after losing three rigs.

The number of oil and gas rigs drilling in the United States fell by three to 421 rigs as of June 24 compared to 859 rigs a year ago, according to Baker Hughes.

The rig drops marked the first time in the past four weeks that the U.S. rig count has fallen.

U.S. oil drillers dropped seven rigs last week, pulling the oil rig count down to 330 rigs from 628 rigs a year ago.

The gas rig count climbed to 90 after adding four rigs, still down from 228 rigs a year ago.

The directional drill count ticked down by two rigs to 43 rigs.

The horizontal rig count fell to 325 rigs after losing one rig, down from 654 rigs a year ago.

The vertical rig count held steady from last week at 53 rigs.

Louisiana saw the biggest rig decline of any major state last week after losing five rigs.

Oklahoma lost four rigs last week and Texas gained three rigs.

North Dakota added two rigs last week while Alaska, Colorado and West Virginia gained one rig each.

Rig counts in Arkansas, California, Kansas, New Mexico, Ohio, Pennsylvania, Utah and Wyoming held steady.

The Permian Basin gained four rigs last week while the Haynesville and Williston Basins added two rigs a piece.

The Ardmore Woodford and the Marcellus basins lost one rig each.

The Cana Woodford Basin lost three rigs last week.

Canada gained seven rigs last week after adding eight oil rigs and losing one gas rig.

The Gulf of Mexico saw its rig count drop to 20 rigs after a one rig loss.


  1. Daily or weekly measures of activities that likely take weeks to decide, negotiate, contract and deploy are poor indicators of trend. These stats like crude prices always oscillate as they move. Paying serious attention to daily or weekly oscillations to identify market movement is only grist for the risk prone speculators’ mill.

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