The U.S. rig count saw another week of double-digit gains after drillers added a dozen rigs.
According to Baker Hughes, the U.S. rig count climbed to 741 rigs as of February 10 compared to 541 rigs in the same week last year.
Oil drillers added eight rigs last week, bumping the U.S. oil rig count up to 591 rigs from 439 rigs a year ago.
The natural gas rig count rose by four to 149 rigs, up from 102 rigs a year ago.
The directional rig count held steady at 66 rigs compared to 49 rigs in the year-ago period.
The horizontal rig count climbed to 607 rigs after an 11 rig gain last week, up from 433 rigs a year ago.
The vertical rig count ticked up by one to 68 rigs compared to 59 rigs during the same period last week.
Texas posted the largest rig count gain of all the major production states last week after a seven rig gain boosted the state’s rig count up to 362 rigs, up from 248 rigs a year ago.
A four rig gain in Oklahoma pushed that state’s rig count up to 50 rigs, a significant gain over the 22 rigs operating during the year-ago period.
West Virginia’s rig count ticked up to 10 rigs after a two rig gain but was still shy of the 12 rigs operating a year ago.
Louisiana’s rig count rose to 54 rigs last week after a two rig gain, up from 47 rigs a year ago.
Rig counts in Alaska, California, Kansas and North Dakota held steady last week and remained below year-ago levels.
Rig counts in Arkansas, Colorado, Oklahoma and Utah were unchanged last week but remained above year-ago levels.
Ohio posted a two rig loss that dragged its rig count down to 19 rigs compared to 13 rigs a year ago.
A two rig loss in Wyoming pulled that state’s rig count down to 18 rigs, up from 11 rigs during the same period last year.
The Permian Basin once again posted the biggest rig gain of all the major producing basins last week.
Drillers in the Permian added six rigs last week, pushing the area’s rig count up to 301 rigs compared to 172 rigs a year ago.
The Eagle Ford Basin saw its rig count climb to 59 rigs last week after a three rig gain, up from 58 rigs operating during the same period last year.
A three rig gain in the Marcellus Basin pushed that area’s rig count up to 42 rigs compared to 29 rigs a year ago.
The Ardmore Woodford Basin saw its rig count rise to the year-ago level after a one rig gain pushed the area’s rig count up to two rigs.
A one rig gain in the Mississippian Basin boosted that area’s rig count up to three rigs, down from 10 rigs a year ago.
The Haynesville Basin’s rig cont ticked up to 31 rigs after a one rig gain, up from 15 rigs a year ago.
Rig counts in the Arkoma Woodford and Granite Wash basins held steady at year-ago levels last week.
Rig counts in the Barnett and Williston basins were unchanged from last week and still shy of year-ago levels.
Drillers in the U.S. Gulf of Mexico dropped one rig and pulled that area’s rig count down to 20 rigs compared to 25 rigs a year ago.
Canada’s rig count climbed to 352 rigs last week, up from 222 rigs a year ago, after the country gained 10 oil rigs but lost one gas rig.