North America again lost rigs week after week, revealed Baker Hughes’ latest rotating rig count, which was released on June 30.
By count, North America dropped 10 teams week-to-week, with the United States dropping eight week-to-week, while Canada dropped two over the same time period. The total North American rig count figure now stands at 841, including 674 rigs from the US and 167 from Canada, Baker Hughes’ latest count showed.
The U.S. had eight fewer onshore rigs week over week, according to Baker Hughes’ tally, which showed the country dropped six gas rigs, one oil rig and one miscellaneous rig during that time period. Louisiana, North Dakota, Oklahoma and Texas lost rigs week over week, while New Mexico and Wyoming added rigs, Baker Hughes showed.
Louisiana and Texas each dropped four teams, Oklahoma dropped two, North Dakota cut one, New Mexico added two and Wyoming added one, according to the count. The total US rig count includes 653 onshore rigs, 19 offshore rigs and two inland water rigs, Baker Hughes revealed. Of its total rig count of 674, the country has 545 oil rigs, 124 gas rigs and five miscellaneous rigs, the count noted.
The count showed that Canada had dropped one oil rig and one gas rig week-over-week. The country’s total rig count of 167 includes 109 oil rigs and 58 gas rigs, according to Baker Hughes.
Baker Hughes’ rig count highlighted that North America is down 75 rigs from a year ago and showed that the US has driven that decline, shedding 76 rigs compared to adding one to canada The United States has dropped 50 oil rigs and 29 gas rigs, and added three miscellaneous rigs, year-over-year, while Canada has added one gas rig year-over-year, the rig count revealed.
According to Baker Hughes’ previous counts, North America had been on a rig addition streak. In its latest equipment count, which was published on June 23, the company showed that North America had increased its rig count by five weeks in the week and in the previous count, which was published on June 16, Baker Hughes showed that North America had added 15 teams week by 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 noted 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 down seven devices week to week. The previous count, which was released on May 19, showed that the region had dropped 20 devices week-over-week, and the previous count, which was released on May 12, showed that North America had dropped 16 devices weekly . 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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