North America dropped another 19 rigs weekly, according to Baker Hughes’ latest rotating rig count, which was released on April 14.
Of those 19 rigs, 16 were cut in Canada and the remaining three were cut in the US, the count showed. While Canada had nine fewer gas rigs and seven fewer oil rigs week-on-week, the US had two fewer oil rigs and one fewer gas rigs week-on-week, Baker Hughes revealed.
The U.S. dropped six onshore rigs but added three offshore rigs week over week, according to the count, which showed Louisiana, New Mexico and Pennsylvania added one rig week over week, but Oklahoma, Texas and Ohio dropped falling platforms during the same period of time. Oklahoma was shown to drop three rigs, Texas two and Ohio one, week after week.
The total North American rig count is now 859, including 748 North American rigs and 111 Canadian rigs, according to Baker Hughes’ latest count. Of the total U.S. rigs, 727 are classified as onshore rigs, 20 as offshore rigs, and one as an inland water rig. The total US rig count comprises 588 oil rigs, 157 gas rigs and three miscellaneous rigs, while Canada’s total rig count is made up of 45 oil rigs and 66 gas rigs, Baker Hughes noted in the count.
Year over year, North America has added 63 teams, the count revealed. Of those added rigs, the US contributed 55, while Canada contributed eight, according to the count, which highlighted that the US added 40 oil rigs, 14 gas rigs and one miscellaneous rig year over year, while Canada added 12 gas rigs and dropped. four oil rigs year after year.
In its previous count, which was released on April 6, Baker Hughes revealed that North America dropped 16 teams week-over-week. Baker Hughes’ March 31 rig count showed North America down 29 rigs week-over-week, its March 24 count showed the region down 38 rigs week-over-week and its rig count of March 17 showed that the region dropped eight teams from week to week. Baker Hughes’ March 10 rig count also showed a weekly drop of 26 rigs in North America, and the March 3 count revealed North America had cut 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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