North America dropped another week-over-week, according to Baker Hughes’ latest rotating rig count, which was released on April 21.
While the U.S. added five installations week-over-week, Canada dropped six over the same time period, leading to a week-over-week decline for the entire region, according to the count of platforms The total North American rig count is now 858, including 753 rigs in the US and 105 in Canada, Baker Hughes showed.
The US added five ground installations week-on-week, the count revealed. Three of the weekly additions were oil rigs and the other two were gas rigs, according to the count, which highlighted that Texas, Utah, Colorado, New Mexico and Oklahoma added rigs week over week, while Kansas and Wyoming lost rigs during the same period of time. Texas and Utah each added two, Colorado, New Mexico and Oklahoma each added one, and Kansas and Wyoming lost one, according to the count. The count revealed that Canada lost three oil rigs and three gas rigs week over week.
The total US rig count includes 732 onshore rigs, 20 offshore rigs and one inland water rig, according to Baker Hughes’ latest count. Of this total, 591 are classified as oil rigs, 159 as gas rigs and three as miscellaneous rigs. Of Canada’s total of 105 rigs, 42 are classified as oil rigs and 63 as gas rigs.
North America has added 62 teams year-over-year, according to Baker Hughes’ latest count, which showed 58 of those additions coming from the US and four from Canada. The US has added 42 oil rigs, 15 gas rigs and one miscellaneous rig year-on-year, while Canada has added 10 gas rigs and dropped six oil rigs year-on-year, the count revealed.
In its previous platform count, which was released on April 14, Baker Hughes showed that North America dropped 19 teams week-over-week. Its platform count released on April 6 revealed that the region dropped 16 devices week-over-week, its March 31 device count showed that North America dropped 29 devices week-over-week, its tally on March 24 showed the region dropping 38 rigs week-over-week and its March 17 rig count showed the region dropping eight rigs week-over-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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