North America dropped another seven weekly rigs, according to Baker Hughes’ latest rotating rig count, which was released on May 26.
The total rig count in the region is now 798, including 711 teams in the United States and 87 in Canada, the count showed. The United States dropped nine teams week-over-week while Canada added two over the same time period, Baker Hughes noted.
Of the total 711 US rigs, 689 are classified as land rigs, 20 as offshore rigs and two as inland water rigs. The total rig count includes 570 oil rigs, 137 gas rigs and four miscellaneous rigs, Baker Hughes noted. By count, the US had eight fewer onshore rigs and one fewer offshore rig week-over-week. Its oil rig count fell by five and gas rig count by four over the same time period, Baker Hughes revealed, noting that Alaska, Colorado, Louisiana, New Mexico, Oklahoma and Utah all dropped rigs, while Texas and Wyoming added rigs, week. a week
Canada’s total rig count of 87 consists of 42 oil rigs and 45 gas rigs, Baker Hughes noted. The nation’s oil rig count rose three weeks to the week, while the gas rig count fell one week to the week, the Baker Hughes tally showed.
North America’s total rig count is down 32 from year-ago levels, according to Baker Hughes, which noted that the US and Canada each have 16 fewer rigs than year-ago levels. The United States has downed 14 gas rigs and four oil rigs and added two miscellaneous rigs, compared to this time last year, while Canada has downed 13 oil rigs and three gas rigs, Baker Hughes noted .
In its previous platform count, which was released on May 19, Baker Hughes revealed that North America dropped 20 teams week-over-week. In the previous device count, which was released on May 12, Baker Hughes revealed that North America dropped 16 devices week-over-week and in the previous device count, which was released on May 5, Baker Hughes showed North America cut seven teams week-over-week.
The company’s April 28 count showed North America down 10 devices week-over-week, its April 21 count showed the region down one week-over-week and on April 14 show that the region dropped 19 devices week-on-week. Baker Hughes’ rig count released on April 6 revealed the region shed 16 rigs week-over-week, and its March 31 rig count showed North America shedding 29 rigs week-over-week.
The company’s March 24 platform count also showed the region dropped 38 devices week-over-week, its March 17 device count showed the region dropped eight devices week-over-week and its count of rigs for March 10 showed a week-on-week drop of 26 rigs in the north. america Baker Hughes’ March 3 count also 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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