Rig counts fall in top four states
By Richard Rostad, analyst, Oil & Gas 360

Drilling activity fell in the U.S. and Canada this week, as producers continue to adapt to lower oil prices, according to Baker Hughes, which tracks drilling activity every week.

A net four rigs shut down in the week, leaving 1,047 rigs active in the U.S. Two land and offshore rigs came offline, while inland waters activity held flat. Land-based drilling now accounts for 1,026 rigs in the country, compared to two inland waters and 19 offshore rigs.

Drilling shifted away from oil targets this week, as four such rigs shut down. Gas-targeting activity held flat in the week, so gas targets now make up 18.5% of all drilling.

Unconventional activity incr...

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