The U.S. rig count continued to climb last week after adding seven rigs.
According to Baker Hughes, the number of oil and gas rigs operating in the United States rose to 447 as of July 15 compared to 857 rigs a year ago.
The additions marked the third straight week that the U.S. rig count has climbed.
Oil drillers added six rigs last week, pushing the oil rig count up to 357 compared to 638 rigs a year ago.
The gas drill count rose by one to 89 rigs, still down from 218 rigs a year ago.
The directional drill count rose to 43 rigs after adding seven rigs while the vertical rig count ticked up by one to 344 rigs.
The vertical rig count fell to 60 rigs after a one rig loss.
New Mexico booked the largest rig gain of all the major producing states last week after adding four rigs.
Louisiana posted a three rig gain while Colorado, Pennsylvania, Texas each added one rig last week.
Alaska, North Dakota, Utah and West Virginia each lost one rig a piece last week.
Rig counts in Arkansas, California, Kansas, Ohio, Oklahoma and Wyoming held steady last week.
The Barnett Basin lost four rigs last week, the largest loss of all the major producing basins.
The Haynesville and Williston basins each lost one right last week.
The Permian Basin gained two rigs while the Ardmore Woodford, Cana Woodford and DJ-Niobrara basins gained one rig each.
Canada’s rig count rose by 14 after drillers added seven oil and seven gas rigs.
The Gulf of Mexico added three rigs last week, pushing the area’s rig count up to 21 compared to 31 rigs a year ago.
