The number of rigs working onshore in the Lower 48 U.S. states last week dropped by eight units, the latest weekly rig survey from oilfield services firm Baker Hughes, a GE company, revealed.
For the week ended March 1, 1,005 rigs were working in the Lower 48, down an octet from the previous week. The latest total was up 53 rigs, or 5.6%, from the year-ago total of 952, up 277 working rigs, or 38.0%, from 728 rigs working two years ago, and up 542 rigs, or 117.1%, from the 463 rigs working during the week ended March 4, 2016, Kallanish Energy calculates.
The Baker Hughes survey shows five drilling areas reported a week-to-week increase in working rigs, while seven areas recorded a drop in working rigs and 17 drilling areas reported no week-to-week change in the number of rigs working.
The biggest week-to-week increase in working rigs was in California, up three rigs to 15 from 12, while the biggest drop was in Texas, down six rigs, to 500.
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