The U.S rig count posted another week of gains after drillers added four rigs.
According to Baker Hughes, the U.S. rig count rose to 597 rigs during the week of December 2 compared to 737 rigs a year ago.
The oil rig count climbed by three to 477 rigs, down from 545 rigs during the same period last year.
The gas rig count ticked up by one rig to 119 compared to 192 rigs in the year-ago period.
The directional rig count fell by six to 46 rigs, down from 64 rigs a year ago, while the vertical rig count held steady at 66 rigs compared to 104 rigs a year ago.
The horizontal rig count jumped to 485 rigs after a 10 rig gain but was still down from 569 rigs a year ago.
Texas reported the largest rig gain of all the major producing states last week after a seven rig gain pushed the state’s rig count up to 286 compared to 333 rigs a year ago.
Wyoming added four rigs last week, boosting the state’s rig count up to 17 compared to 22 rigs a year ago.
Oklahoma’s rig count rose to 81 after a two rig gain, down slightly from 84 rigs during the same period last year.
Rig counts in Alaska, Arkansas, California, Kansas, New Mexico, Ohio, Pennsylvania and West Virginia held steady from last week.
Utah lost one rig last week while Colorado and North Dakota lost two rigs a piece.
The Permian Basin’s rig count rose by seven to 235 rigs last week, up from 217 rigs a year ago.
A three rig gain at the Haynesville Basin raised that area’s count to 26 rigs compared to 28 rigs a year ago.
The Eagle Ford and Barnett basins each gained two rigs while the Cana Woodford added one rig last week.
The rig count in the Marcellus Basin held steady at 38 rigs compared to 42 rigs during the same week last year.
A two rig loss at the Williston Basin lowered the area’s rig count to 31 rigs compared to 60 rigs a year ago.
The Gulf of Mexico saw its rig count fall by one to 22 rigs, down from 25 rigs during the same period last year.
Canada’s rig count rose to 200 rigs, compared to 177 rigs a year ago, after adding six oil rigs and 20 gas rigs.