North America dropped another 20 rigs week-on-week, taking its total rig count below a year ago, Baker Hughes’ latest rotary rig count, released on May 19, revealed .
The United States dropped 11 rigs while Canada dropped nine rigs week-over-week, bringing the total North American rig count to 805, including 720 North American rigs and 85 Canadian rigs , the count noted. Canada’s rig count comprised 39 oil rigs and 46 gas rigs and the U.S. rig count comprised 575 oil rigs, 141 gas rigs and four miscellaneous rigs, Baker Hughes showed. Of the total US rigs, 697 were classified as land rigs, 21 as offshore rigs, and two as inland water rigs.
While Canada had two more oil rigs and 11 fewer gas rigs week-over-week, the U.S. had 11 fewer oil rigs over the same time period, according to Baker Hughes, which noted that the U.S. dropped 10 rigs onshore and an offshore platform week by week. Texas cut nine rigs, Colorado dropped two rigs and California and Louisiana each dropped one rig week-over-week, while Wyoming and New Mexico added one rig over the same time period, Baker Hughes revealed.
The total North American rig count of 805 was 11 below the year-ago level, according to Baker Hughes’ tally, which showed the U.S. driving reductions with eight fewer rigs than a year ago, while Canada had three fewer rigs. The US dropped nine gas rigs and one oil rig, adding two miscellaneous rigs, and Canada dropped one oil rig and two gas rigs, the count noted.
In its previous rig count, which was released on May 12, Baker Hughes revealed that North America dropped 16 teams week-over-week. In the previous rig count, which was released on May 5, Baker Hughes showed that North America cut seven teams week-over-week and in the previous rig count, which was released on April 28, the company showed that North America dropped 10 teams. week to week
The company’s April 21 rig count showed the region down one week-over-week, its April 14 rig count showed the region down 19 teams week-over-week, and its platform count published on April 6 revealed that the region dropped 16 teams weekly. week Baker Hughes’ March 31 rig count showed North America cut 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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