US drilling rig count bounces back by 15
Kristen Nelson Petroleum News
The U.S. active drilling rig count bounced back by 15 to 796 the week ending Jan. 17, up from 781 the previous week and down by 254 from 1,050 a year ago.
The company reported that 673 rigs targeted oil (up 14 from the previous week; down 179 from a year ago) and 120 targeted natural gas (up one from the previous week; down 78 from a year ago). There were three miscellaneous rigs active (unchanged from the previous week and up by three from a year ago).
The company said 44 of the holes were directional, 709 were horizontal and 43 were vertical.
Texas, the state with the most active rigs at 401, was up five rigs from the previous week.
Alaska, New Mexico and North Dakota were each up three rigs.
Oklahoma, Utah and Wyoming were each up one rig.
Rig counts for California, Colorado, Ohio, Pennsylvania and West Virginia were unchanged from the previous week.
Louisiana was down one rig from the previous week.
Baker Hughes shows Alaska with 10 rigs active for the week ending Jan. 17, unchanged from a year ago.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May 2016 at 404.
- KRISTEN NELSON
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