North America has once again dropped rigs week-over-week, according to Baker Hughes’ latest rotating rig count, which was released on August 11.
The U.S. dropped five rigs week-over-week, while Canada added two rigs over the same time period, resulting in an overall loss of three week-over-week North American rig counts, highlighted Baker Hughes in the count. The total North American rig count is now 844, including 654 teams from the US and 190 from Canada, the count showed.
Of the total US rig count of 654, 632 are land rigs, 18 are offshore rigs and four are inland water rigs, Baker Hughes’ count revealed. That total rig count is made up of 525 oil rigs, 123 gas rigs and six miscellaneous rigs, Baker Hughes noted.
The country’s onshore rig count was shown to drop three weeks on week, while the count of inland water and offshore rigs decreased by one over the same time period. The U.S. oil rig count and various rigs were shown to have remained unchanged week-over-week, although its gas rig count fell by five during the period, Baker Hughes noted.
Louisiana, Pennsylvania and Texas all dropped two rigs week over week, according to Baker Hughes, which showed Oklahoma added one rig week over week.
Canada’s total rig count of 190 includes 116 oil rigs and 74 gas rigs, Baker Hughes’ latest rig count revealed. The country’s oil rig count fell two weeks to the week, while the gas rig count rose four weeks to the week, Baker Hughes noted.
The company’s latest rig count noted that North America is down 120 rigs from last year’s numbers and showed that the United States has driven that decline, shedding 109 rigs over the period, while Canada dropped 11 rigs. The United States has cut 76 oil rigs and 37 gas rigs, and added four miscellaneous rigs, year over year, while Canada has dropped 21 oil rigs and added 10 gas rigs year over year, the count revealed of platforms
In its previous platform count, which was released on August 4, Baker Hughes revealed that North America had dropped 10 teams week-on-week. Its July 28 tally showed North America adding one week-over-week, its July 21 tally showed North America losing six devices week-over-week, and its July 14 tally showed that North America added seven devices week over week. Baker Hughes’ July 7 count revealed the region added 14 rigs week over week, and its June 30 count showed the region dropped 10 rigs week over week.
Before the rig count released on June 30, North America had been on a streak of rig additions, earlier Baker Hughes counts showed. In its count published on June 23, the company noted that North America had increased its rig count by five weeks, and in the previous count, which was published on June 16, Baker Hughes show that North America had added 15 teams. week to week In the previous team count, which was released on June 9, Baker Hughes revealed that North America had finally snapped a team losing streak that had lasted several weeks. This count showed that the region had added 38 teams 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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