Texas got three new drilling rigs at work in the latest count by Baker Hughes, the Texas-based well services company.
New Mexico also got one new rig but Pennsylvania lost one rig in the Oct. 9 count, Kallanish Energy reports
Overall, it was another good week for the oil and natural gas industry, as the number of working rigs increased by three in the United States and by five in Canada, according to Baker Hughes.
That number has dropped significantly since March due to the coronavirus pandemic, low demand and low commodity prices.
The number of working on-land rigs in the United States increased from 251 to 254 in the latest count.
The total U.S. rig count was 269, up from 266 on Oct. 2.
That includes 14 rigs in the Gulf of Mexico and one on inland waters.
A year ago, there were 856 rigs in the U.S.
The U.S. had 193 oil rigs, up four from the previous week, and 73 gas wells, down one from Oct. 2. There were also three miscellaneous wells, unchanged from the previous week.
A year ago, there were 712 oil rigs working and 143 natural gas rigs.
Canada reported 39 oil rigs, an increase of two from the previous week, and 41 gas wells, up three from Oct. 2.
A year ago, Canada had 102 oil wells and 44 gas wells.
Rig counts are an indication of drilling activity and future wells.
The drop in rig counts started in March with small rebounds in recent weeks.
This post appeared first on Kallanish Energy News.