North America dropped another eight rigs week-over-week, according to Baker Hughes’ latest rotary rig count, which was released on March 17.
The reduction was driven by Canada, which dropped 16 teams week-over-week, according to the count. The US was shown to have added eight rigs week-on-week, including five onshore rigs and three offshore rigs. By count, the total number of teams in North America is now 961.
The US makes up 754 rigs, while Canada makes up the remaining 207 rigs, according to the count. Of the total 754 platforms in the United States, 736 are classified as onshore platforms, 17 as offshore platforms, and one as an inland water platform. That total includes 589 oil rigs, 162 gas rigs and three miscellaneous rigs, according to the count. Canada’s total rig count of 207 is shown to include 122 oil rigs and 85 gas rigs.
North America has added 122 teams year-over-year, according to Baker Hughes’ tally, which shows that increase was driven by the US with 91 additions. Canada added the remaining 31 teams, the count highlights. Of the 91 US rig additions, 65 were classified as oil rigs, 25 as gas rigs, and one as a miscellaneous rig. Of Canada’s 31 additions, 19 were classified as oil rigs and 12 as gas rigs.
In its previous rig count, which was released on March 10, Baker Hughes revealed that North America dropped 26 teams week-over-week. In the previous rig count, which was published on March 3, it was revealed that North America had dropped two rigs week-on-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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