North America has finally snapped its streak of rig losses, Baker Hughes’ latest rotating rig count has revealed.
The region added 38 rigs week-on-week, Canada added 39 rigs and the US dropped one rig during the period, according to Baker Hughes’ latest count, which was released on June 9. North America had lost 48 rigs in the last few times alone. Just weeks, Baker Hughes rig counts have shown.
The total North American rig count is 831, including 695 rigs in the US and 136 rigs in Canada, Baker Hughes’ latest count said. Of the total US figure, 673 are onshore platforms, 20 are offshore platforms and two are inland water platforms, Baker Hughes revealed in the count, noting that 556 of the total number of US platforms are classified as oil rigs, 135 are categorized. as gas platforms, and four are classified as miscellaneous platforms. According to Baker Hughes, Canada’s total rig count includes 85 oil rigs and 51 gas rigs.
The U.S. land rig count was down week-on-week, Baker Hughes showed. Its gas rig count fell by two, while its oil rig count rose by one, the count revealed. Louisiana, New Mexico, Oklahoma and Utah added one rig week-over-week, while Wyoming added two, Colorado dropped one rig and Texas dropped six rigs week-over-week, according to the count. Canada was shown to have added 34 oil rigs and five gas rigs week over week.
Baker Hughes’ rig count highlighted that North America is down 43 teams from a year ago and showed that the US has driven that decline, dropping 38 teams compared to Canada’s five. The United States has dropped 24 oil rigs and 16 gas rigs, and added two miscellaneous rigs, year-over-year, while Canada has dropped nine oil rigs and added four gas rigs year-over-year, the platform count.
In its previous platform count, which was released on June 2, Baker Hughes noted that North America had dropped five teams week-on-week. In the previous count, which was released on May 26, Baker Hughes revealed that North America had dropped seven devices week-on-week, in the previous count, which was released on May 19, the company revealed that the region dropped 20 devices. week-to-week, and in the previous team count, which was released on May 12, Baker Hughes showed that North America dropped 16 teams week-to-week.
Baker Hughes’ May 5 count showed North America cut seven rigs week-over-week, its April 28 count showed North America down 10 rigs week-over-week, its April 21 count of April showed that the region was down one week on week and its April. The count of 14 showed the region dropped 19 teams from week to week. Baker Hughes’ rig count released on April 6 revealed the region was down 16 rigs week-over-week, its March 31 rig count showed North America cutting 29 rigs week-over-week, the its March 24 count showed the region down 38 rigs week-over-week. , and its March 17 rig count showed the region dropping eight teams week-over-week.
Baker Hughes’ March 10 rig count showed a weekly drop of 26 rigs in North America and its 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.
To contact the author, please send an email andreas.exarcheas@rigzone.com
