Driven by declines in the Permian Basin, the U.S. rig count dropped five units to 675 for the week ended Friday (July 14), according to the latest tally from Baker Hughes Co. (BKR).

Domestic declines for the period included three oil-directed rigs and two natural gas-directed rigs. Total natural gas-directed rigs ended the week at 133, down from 153 in the year-ago period. The combined 675 active U.S. rigs as of Friday reflects an 81-rig year/year decline, according to the BKR numbers, which are partly based on data from Enverus.

Land drilling decreased by five rigs in the United States, with the Gulf of Mexico count easing by one rig to end at 18. Partially offsetting was the addition of one rig in inland waters, the BKR data show. Horizontal drilling decreased by five, with...