North America added more rigs week over week, according to Baker Hughes’ latest rotating rig count, which was released on June 23.
Canada added 10 rigs week-over-week, while the US dropped five rigs over the same time period, pushing North America’s total rig count up five weeks over the week, the rig count showed Baker Hughes. The North American rig count now stands at 851 teams, with 682 in the US and 169 in Canada, according to the count.
Canada’s total rig count is made up of 110 oil rigs and 59 gas rigs, according to the count, which noted that the country added seven oil rigs and three gas rigs week over week. The US rig count includes 546 oil rigs, 130 gas rigs and six miscellaneous rigs, Baker Hughes noted. Of the country’s total of 682 platforms, 661 are classified as onshore platforms, 19 as offshore platforms and two as inland water platforms.
The Baker Hughes count revealed that the US dropped four land rigs and one inland water rig week-over-week, and that the country had six fewer oil rigs and one more diverse rig during the same time period. Alaska, Louisiana, North Dakota, Texas and West Virginia were shown to drop rigs week-over-week, while New Mexico and Pennsylvania added installations week-over-week.
Louisiana cut three rigs, Texas two rigs and Alaska, North Dakota and West Virginia cut one rig, according to Baker Hughes, which showed New Mexico added two rigs and Pennsylvania added one rig.
Baker Hughes’ tally highlighted that North America has dropped 56 rigs from last year’s figures and showed that the US has driven that decline, shedding 71 rigs compared to Canada’s addition of 15. four diverse rigs year over year, while Canada has added six oil rigs and nine gas rigs year over year, the rig count revealed.
Baker Hughes’ previous rig count, which was released on June 16, showed North America had added 15 rigs week over week. In the previous team count, which was published on June 9, Baker Hughes revealed that North America had finally broken a streak of platform losses. This count showed that the region had added 38 teams week-on-week.
In its June 2 count, Baker Hughes explained that North America had dropped five devices week-over-week, and in the previous count, which was released on May 26, Baker Hughes revealed that North America had left seven devices week to week. The previous count, which was released on May 19, showed the region dropping 20 devices week-over-week, and the previous count, which was released on May 12, showed North America dropping 16 devices week to week
Baker Hughes’ May 5 count showed North America cut seven rigs week-over-week, its April 28 count revealed North America was down 10 rigs week-over-week, its April 21 count of April revealed that the region was down one week on week and its April. The count of 14 revealed that the region dropped 19 teams week-to-week. Baker Hughes’ rig count released on April 6 showed the region 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 revealed that the region dropped eight rigs 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.
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