US rotary drilling rig count up 7 to 740
The Baker Hughes’ U.S. rotary drilling rig count was 740 on June 17, up by seven from the previous week and up by 270 from 470 a year ago.
When the count dropped to 244 in mid-August 2020 it was the lowest the domestic rotary rig count has been since the Houston based oilfield services company began issuing weekly U.S. numbers in 1944.
Prior to 2020, the low was 404 rigs in May 2016. The count peaked at 4,530 in 1981.
The count was in the low 790s at the beginning of 2020, where it remained through mid-March, when it began to fall, dropping below what had been the historic low in early May with a count of 374 and continuing to drop through the third week of August 2020 when it gained back 10 rigs.
The June 17 count includes 584 rigs targeting oil, up by four rigs from the previous week and up 211 from 373 a year ago, with 154 rigs targeting natural gas, up by three from the previous week and up 57 from 97 a year ago, and two miscellaneous rigs, unchanged from the previous week and unchanged from a year ago.
Thirty-nine of the rigs reported June 17 were drilling directional wells, 674 were drilling horizontal wells and 27 were drilling vertical wells.
Alaska rig count unchangedThe rig count in New Mexico (110) was up by seven rigs from the previous week.
Rig counts in all other states were unchanged week over week: Alaska (8), California (6), Colorado (16), Louisiana (62), North Dakota (35), Ohio (12), Oklahoma (59), Pennsylvania (25), Texas (356), Utah (14), West Virginia (14) and Wyoming (18).
Baker Hughes shows Alaska with eight rotary rigs active June 17, unchanged from the previous week and up by five from a year ago, when the state’s rig count stood at three. Seven of the rigs in Alaska were onshore, one was offshore - also unchanged week over week.
The rig count in the Permian, the most active basin in the country, was unchanged from the previous week at 345 and up by 108 from 237 a year ago.
- KRISTEN NELSON