The U.S. rig count posted another week of double-digit gains last week after drillers added over a dozen rigs.
According to data provided by Baker Hughes, the number of oil and gas rigs operating in the United States rose by 17 to 729 rigs for the week of February 3.
That figure was up significantly from the 571 rigs operating a year ago.
The oil rig count climbed by 17 to 583 rigs last week, up from 467 rigs a year ago.
The gas rig count held steady at 145 rigs compared to 104 rigs in the year-ago period.
The directional rig count ticked up to 66 rigs after a five rig gain, up from 53 rigs a year ago.
A 17 rig gain pushed the horizontal rig count up to 596 rigs compared to 458 rigs during the same period last year.
The vertical rig count dipped by five rigs to 67 rigs last week, up from 60 rigs a year ago.
Oklahoma posted the biggest gain of all the major producing states after a six rig gain brought the state’s rig count up to 102 compared to 80 rigs a year ago.
Texas gained four rigs last week, bringing the state’s rig count up to 355 rigs compared to 262 rigs in the year-ago period.
New Mexico posted a four rig gain last week, bringing that state’s rig count up to 46 rigs compared to 26 rigs a year ago.u
One rig gains in Arkansas, Colorado and Wyoming kept the rig counts in those states above year-ago levels.
Alaska’s rig count rose to 10 rigs after a one rig gain, down from 13 rigs in the year-ago period.
Rig counts in California, Kansas, North Dakota and West Virginia held steady but remained below year-ago levels.
Utah’s rig count held steady at five rigs last week, up from one rig a year ago.
Louisiana’s rig count dipped by one to 52 rigs but was still well-above the year ago level of 46 rigs.
The Cana Woodford Basin posted the largest gain of all the major producing basins last week after a seven rig gain pushed the basin’s rig count up to 56 rigs compared to 37 rigs a year ago.
The Permian Basin saw its rig count rise to 295 rigs last week after a four rig gain, up from 180 rigs in the year-ago period.
Despite a two rig gain, the Eagle Ford Basin’s rig count sat at 56 rigs last week compared to 60 rigs a year ago.
A one rig gain in the DJ-Niobrara Basin pushed that area’s rig count up to the year-ago level at 21 rigs.
The Barnett Basin saw its rig count rise to four rigs after a one rig gain, up from four rigs a year ago.
Rig counts in Ardmore Woodford, Mississippian and Williston held steady from the previous week but were still below the year-ago level.
Rig counts in the Utica and Marcellus basins were unchanged from the previous week but held above year-ago levels.
Canada’s rig count dipped to 343 rigs last week, up from 242 rigs a year ago, after drillers added one gas rig but dropped three oil rigs.
The Gulf of Mexico’s oil rig count ticked up by one rig to 21 rigs compared to 26 rigs a year ago.