The U.S. rig count rose above the year-ago level last week after gaining seven rigs.
According to Baker Hughes, the number of oil and natural gas rigs operating in the United States climbed by seven to 665 rigs as of January 6 compared to 664 rigs in the year-ago period.
The oil rig count rose by four rigs to 529, up from 516 rigs during the same week last year.
The natural gas rig count ticked up to 135 rigs after a three rig gain, down from 148 rigs a year ago.
The directional rig count inched up by one rig to 57 rigs but was still down from 64 rigs a year ago.
The horizontal rig count held above the year-ago level after a three rig gain pushed the count up to 534 rigs compared to 519 rigs a year ago.
The vertical rig count rose to 74 rigs after a four rig gain but was still below the 81 rigs operating during the same week last year.
Texas saw its rig count continue to rise well past the year-ago level after a three rig gain bumped the state’s count up to 327 rigs compared to 308 rigs last year.
New Mexico also posted a three rig gain last week, boosting the state’s rig count up to 37 rigs compared to 34 rigs a year ago.
Louisiana’s rig count rose to 50 rigs after a two rig gain but was still nine rigs shy of the year-ago level.
A one rig gain in Pennsylvania pushed the state’s rig count up to 33 rigs compared to 25 rigs.
Alaska’s rig count fell to eight rigs after a one rig loss, down from nine rigs a year ago.
Rig counts in California, North Dakota and West Virginia held steady last week but were still below of year-ago levels.
Oklahoma’s rig count was unchanged at 86 rigs last week, up from 83 rigs in the year-ago period.
A one rig gain in Colorado pushed the state’s rig count up to 29 rigs compared to 22 rigs a year ago.
Wyoming’s rig count ticked down to 17 after a two rig loss last week but was still one rig above the year-ago level.
The Granite Wash Basin posted the largest rig count decline of all the major basins last week after a five rig loss.
Despite the loss, the Granite Basin’s rig count declined to 10 rigs compared to 12 rigs in the year-ago period.
The Permian Basin’s rig count rose to 267 rigs last week after a three rig gain, up from 209 rigs during the same period last year.
The Haynesville Basin gained two rigs last week, pushing the area’s rig count up to 29 rigs compared to 23 rigs a year ago.
The Marcellus Basin rose by one rig to 40 rigs compared to 37 rigs a year ago.
Rig counts in the Cana Woodford, DJ-Niobrara and the Fayetteville basins held steady from last week and were still above year-ago levels.
Rig counts in the Mississippian and Williston basins were unchanged from the previous week but were still below year-ago levels.
The Gulf of Mexico saw its rig count climb to 23 rigs after a one rig gain but the area’s rig count was still down from 27 rigs a year ago.
Canada’s rig count surged by 48 rigs last week after adding 29 oil rigs and 23 natural gas rigs but losing four miscellaneous rigs.
The double-digit rig gain pushed Canada’s total rig count up to 205 rigs compared to 166 rigs during the same period last year.
