North America dropped three rigs week-on-week, according to Baker Hughes’ latest rotating rig count, which was released on February 17.
Canada was shown to drop two rigs and the United States dropped one rig, week after week, in the count, which highlighted that North America’s total rig count now stands at 1,008.
The US accounts for 760 of that total, including 741 onshore rigs, 17 offshore rigs and two inland water rigs, according to Baker Hughes’ latest count. Of the total US rigs, 607 are classified as oil rigs, 151 as gas rigs, and two as miscellaneous rigs. Canada’s total rig count is 248, with 163 oil rigs and 85 gas rigs, Baker Hughes explained.
North America has added 143 rigs year over year, according to the Baker Hughes rig count, which revealed the US led those additions with an increase of 115 rigs, while Canada added 28 rigs. The US additions were shown to comprise 87 oil rigs, 27 gas rigs and one miscellaneous rig. Canada’s additions included 28 oil rigs, according to Baker Hughes.
In his count of previous teamswhich was published on February 10, Baker Hughes revealed that the total US rig count increased two weeks over the week and the total Canadian rig count increased by one week over week.
Baker Hughes, which has issued the oil rig count since 1944, describes the numbers as an important business barometer for the drilling industry and its suppliers. The company gets its work platform location information in part from Enverus, which produces daily equipment counts using GPS tracking units.
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