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US rig count surge continues

US drillers add eight more rigs to extend streak to 13th straight week

US drillers added oil rigs for a 13th week in a row, extending a recovery as energy companies boost spending on new production to take advantage of a recovery in crude prices.

Drillers added 11 oil rigs in the week to 13 April bringing the total count up to 683, the highest since April 2015, energy services firm Baker Hughes said on Thursday. During the same week a year ago there were 351 active oil rigs.

However, the number of rigs chasing gas dipped by three to total 162.

New Mexico, which is home to the western part of the Permian basin, saw the biggest gains. The state added seven rigs for a total of 58.  The Permian itself added eight rigs.

Texas, which hosts the eastern part of the basin and has been a recent powerhouse for rig count growth, only added two rigs overall this week for a total of 420.

Elsewhere in Texas, the Eagle Ford shale added three rigs. Meanwhile, the Haynesville, which Texas shares with Louisiana, shed one rig. Louisiana itself lost two rigs for 58.

The Granite Wash, which straddles the Texas-Oklahoma border, also lost a single rig.

But another Oklahoma play, the Cana Woodford, added two rigs. Overall, the state added three rigs for 125.

North Dakota added one rig in its Williston basin, bringing the state's total to 43.

Ohio also picked up one rig in the Utica shale play for a total of 22.

Alaska, however, dropped two rigs, leaving five active rigs standing in the state overall.

The offshore rig count dropped by one to 21.

Canada dropped 14 rigs amid spring break-up for a total of 118.