North America dropped another 38 rigs week-over-week, according to Baker Hughes’ latest rotating rig count, which was released on March 24.
The count showed Canada reduced its rig numbers by 42 week-over-week, while the US added four rigs week-over-week. Canada’s reductions included 36 oil rigs and six gas rigs and brought the country’s overall rig count to 165, Baker Hughes noted.
The U.S. additions included three onshore rigs and one offshore rig, all of them oil rigs, bringing the country’s overall rig count to 758, according to the count, which showed Colorado, Louisiana and Texas adding one rig week to week , New Mexico added two platforms and Oklahoma dropped one platform. Of the total 758 US rigs, 593 are classified as oil rigs, 162 as gas rigs and three as miscellaneous rigs.
Baker Hughes showed that the total North American team count was 923. This is an increase of 113 compared to last year’s figures, according to the count, which revealed that the US drove this up 88 additions compared to Canada’s 25 additions. The US additions consisted of 62 oil rigs, 25 gas rigs and one miscellaneous rig, while Canada’s additions comprised 10 oil rigs and 15 gas rigs, according to the report.
In its previous rig count, which was released on March 17, Baker Hughes revealed that North America dropped eight teams week-over-week. In the previous rig count, which was released on March 10, Baker Hughes showed that North America dropped 26 rigs week-over-week and in the previous rig count, which was released on March 3, it revealed that North America dropped two. teams week by 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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