The U.S. rig count rose by double-digits last week as it continued to climb above year-ago levels.
According to data provided by Baker Hughes, the U.S. rig count rose to 712 rigs after adding 18 rigs as of January 27 compared to 619 rigs operating during the same period last year.
The oil rig count climbed to 566 rigs after a 15 rig gain last week, up from 498 rigs a year ago.
The gas rig count ticked up by three rigs to 145 rigs compared to 121 rigs in the year-ago period.
The directional rig count rose to 61 rigs after a one rig gain, up from 58 rigs a year ago.
The horizontal rig count surged by 20 rigs to 579 rigs last week, well above the year ago level of 487 rigs.
The vertical rig count fell by three rigs to 72 rigs last week, down slightly from 74 rigs a year ago.
Texas posted the largest rig gain of all the major producing states last week after a nine rig gain pushed the state’s rig count up to 351 compared to 281 rigs a year ago.
Oklahoma saw its rig count jump to 96 rigs after adding five rigs last week, up from 88 rigs during the same period last year.
New Mexico’s rig count rose by four rigs to 42 rigs last week compared to 26 rigs a year ago.
A two rig gain in Louisiana boosted that state’s rig count up to 53 rigs, up from 51 rigs during the same period last year.
Alaska and North Dakota each gained one rig last week but saw their rig levels remain below year-ago levels.
Colorado lost three rigs last week but its rig count still held at 25 rigs, up from 22 rigs a year ago.
Rig counts in Ohio, Pennsylvania, Utah and Wyoming held steady from last week and were still above year-ago levels.
Rig counts in California and Kansas were unchanged from last week and still below year-ago levels.
The Permian Basin saw its rig count rise to 291 rigs last week after a 10 rig gain, up from 182 rigs a year ago.
A five rig gain in the Eagle Ford Basin pushed the play’s count up to 54, down from 64 rigs a year ago.
Drillers in the Williston Basin added two rigs last week, boosting the play’s count up to 37 rigs compared to 44 rigs a year ago.
The Cana Woodford Basin saw its rig count rise to 49 rigs last week after a three rig gain, up from 39 rigs a year ago.
Rig counts in the Barnett and Mississippian were unchanged from last week and stood below year-ago levels.
The three rig loss in the DJ-Niobrara Basin pulled the play’s rig count down to 20 rigs compared to 21 in the year-ago period.
The Gulf of Mexico saw its rig count drop to 20 after a three rig loss, down from 28 rigs during the same period last year.
Canada’s rig count rose to 345 rigs compared to 231 rigs a year-ago after adding seven oil rigs but losing four natural gas rigs.