U.S. drillers posted another week of double-digit rig gains last week after adding 10 rigs.
According to data published by Baker Hughes, the U.S. rig count rose to 751 rigs for the week ending on February 17 compared to 514 rigs a year ago.
The additions marked the fifth straight week of U.S. rig count gains, according to Reuters.
The U.S. oil rig count climbed to 597 rigs last week after a six rig gain, up from 413 rigs during the same period a year ago.
The gas rig count rose to 153 rigs last week after adding four rigs, up from 101 rigs a year ago.
A six rig gain pushed the directional rig count up to 72 rigs, a significant gain from the 48 directional rigs operating in the year-ago period.
The horizontal rig count rose to 614 rigs last week following a seven rig gain, up from 416 rigs a year ago.
Despite a three rig loss, the vertical rig count still held above the year-ago level at 65 rigs last week.
Texas posted the largest rig gain of all major producing states last week after a 16 rigs gain pushed the state’s rig count up to 378 rigs.
Rig counts in Arkansas, Colorado, Ohio, Pennsylvania, West Virginia and Wyoming were unchanged last week but remained above year-ago levels.
Rig counts in California, Kansas and West Virginia were also uncharged last week and were still shy of year-ago levels.
Oklahoma’s rig count ticked down by one to 101 rigs last week, up from 73 rigs a year ago.
A two rig loss in New Mexico dragged the state’s total count down to 48 rigs compared to 21 rigs a year ago.
Despite a three rig loss, Louisiana’s rig count stood at 51 rigs last week compared to 45 rigs during the same period last year.
A one rig loss in Alaska pulled the state’s rig down to nine rigs last week, down from 13 rigs during the year-ago period.
North Dakota’s rig count dipped by one rig to 35 rigs last week, just one rig shy of the year-ago level.
The Granite Wash Basin booked the largest rig gain of all the major producing basins last week.
A five rig gain in the Granite Wash Basin boosted the area’s count up to 13 rigs compared to 10 rigs a year ago.
The Haynesville Basin saw its rig count tick up to 34 rigs after a three rig gain, up from 15 rigs during the same period last year.
A two rig gain in the Permian Basin bumped the area’s rig count up to 303 rigs, up from 165 rigs a year ago.
The Eagle Ford Basin saw its rig count tick up by two rigs to 61 rigs last week compared to 54 rigs in the year-ago period.
A two rig gain in the Barnett Basin pushed the area’s rig count up to five rigs, up from three rigs a year ago.
Rig counts in the Ardmore Woodford, Arkoma Woodford, DJ-Niobrara, Fayetteville, Marcellus and Utica basins held steady at or above year-ago levels.
Despite a one rig loss, the Williston Basin saw its rig count hold at the year-ago level of 36 rigs last week.
The Gulf of Mexico saw its rig count decline to 17 rigs last week after a three rig loss, down from 25 rigs a year ago.
Canada’s rig count stood at 331 rigs last week, well-above the year ago level of 206 rigs, despite losing 13 oil rigs and eight gas rigs.