North America dropped another 10 rigs weekly, according to Baker Hughes’ latest rotating rig count, which was released on April 28.
While the US added two rigs week-over-week, Canada dropped 12 rigs over the same time period, bringing North America’s total rig count to 848, Baker Hughes explained. The total U.S. rig count is currently 755 and Canada’s at 93, the count showed.
According to Baker Hughes, the US added one land rig and one inland water rig week-on-week, and increased its gas rig count two weeks-on-week. Louisiana, New Mexico, Ohio and Pennsylvania added rigs week over week, while Alaska, North Dakota and Oklahoma dropped rigs, Baker Hughes revealed. Louisiana was shown to add three rigs, New Mexico two rigs, and Ohio and Pennsylvania one rig each. Oklahoma was shown to drop three rigs, and North Dakota and Alaska dropped one rig each.
The total US rig figure of 755 includes 733 onshore rigs, 20 offshore rigs and two inland water rigs, Baker Hughes noted. The US has 591 oil rigs, 161 gas rigs and three miscellaneous rigs, Baker Hughes noted. Canada dropped six gas rigs and six oil rigs week-over-week, according to the count, which noted that the country currently has 57 gas rigs and 36 oil rigs.
North America added 55 rigs year over year, the United States added 57 and Canada dropped two rigs compared to year-ago levels, the count showed. The US has added 39 oil rigs, 17 gas rigs and one miscellaneous rig year over year, while Canada has added seven gas rigs and dropped nine oil rigs year over year, according to Baker Hughes.
In its previous rig count, which was released on April 21, Baker Hughes revealed that North America shed one rig week-on-week. In the previous rig count, which was released on April 14, Baker Hughes showed that North America dropped 19 rigs week-on-week, and its rig count released on April 6 revealed that the region dropped 16 teams week to 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 that 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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