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Baker Hughes: US, Canada Rig Counts Fall

2024-11-16 15:09

Wedoany.com Report-Nov 16,  The US drilling rig count decreased by one unit to reach 584 rigs working for the week ended Nov. 15, according to Baker Hughes data. The count is down 34 units from the 618 rigs working this time a year ago.

The number of rigs drilling on land fell by one week-over-week with a total of 568 units working. The number of rigs drilling in inland waters was unchanged at 2 for the week. The number of rigs drilling offshore was unchanged at 14.

US oil-directed rigs decreased by one from last week to reach 478 units. This time a year ago, 500 units were drilling for oil. Rigs targeting gas decreased by one unit to reach 101 rigs, 13 fewer than were drilling for gas at this time a year ago.

Of the major oil and gas-producing states, Texas saw the largest decrease. With a 2-rig drop, the state ended the week with 279 rigs running. Oklahoma and Utah each dropped 2 rigs to end the week with 43 and 11 rigs running, respectively.

Two states increased rig counts. New Mexico’s rig count increased by 2 this week to 102 units working. Pennsylvania added a single rig to end the week with 15.

Canada’s rig count decreased by 7 units this week. With 200 rigs working, the count is 4 more than the 196 units drilling this week a year ago. At 137 units, Canada’s oil-directed rig count is 5 more than last week. The gas-directed rig count in Canada is down 2 units to 63.

North America America Oil

Canada Rig

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