HOUSTON - The US drilling rig count has gained another 5 units to reach 1,013, data from Baker Hughes indicate. The report shows an overall increase of 156 units from year-ago levels.

Offshore units were up 2 to 18 units working in the Gulf of Mexico. A total of 991 rigs were drilling on land, up 3 units from last week. The number of rigs drilling in inland waters remained at 4 units.

Rigs targeting oil were up 5 units to 820, up 132 from the 688 rigs drilling for oil this week a year ago. Gas-targeted rigs remained unchanged at 192 units. This time a year ago, 167 units were drilling for gas.

Texas saw the largest increase with an 8-unit jump to 509 rigs running. With an increase of 1 unit each, New Mexico and Louisiana were the only other major oil and gas-producing states to see an increase, reaching 90 and 58 rigs, respectively.

Story Date: April 23, 2018