North America’s whole rig rely remained unchanged week on week, based on Baker Hughes’ newest North America rotary rig rely, which was launched on October 3.
The full U.S. rig rely and the entire Canada rig rely didn’t budge week on week, which meant the entire North America rig rely remained at 739 throughout the identical interval, comprising 549 rigs from the U.S. and 190 rigs from Canada, the rely outlined.
Of the entire U.S. rig rely of 549, 531 rigs are categorized as land rigs, 15 are categorized as offshore rigs, and three are categorized as inland water rigs. The full U.S. rig rely is made up of 422 oil rigs, 118 gasoline rigs, and 9 miscellaneous rigs, based on Baker Hughes’ rely, which revealed that the U.S. whole contains 479 horizontal rigs, 58 directional rigs, and 12 vertical rigs.
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Week on week, the U.S. offshore rig rely elevated by one, its land rig rely dropped by one, and its inland water rig rely remained unchanged, Baker Hughes highlighted. The U.S. oil rig rely dropped by two and its gasoline and miscellaneous rig counts every rose by one, week on week, the rely confirmed. The U.S. horizontal and directional rig counts every elevated by one and its vertical rig rely dropped by two, week on week, the rely revealed.
A significant state variances subcategory included within the rig rely confirmed that, week on week, Louisiana, New Mexico, Oklahoma, and Utah every added one rig, Texas dropped two rigs, and Pennsylvania and Wyoming every dropped one rig. A significant basin variances subcategory included in Baker Hughes’ rig rely confirmed that, week on week, the Cana Woodford basin added one rig, the Permian basin dropped two rigs, and the Marcellus basin dropped one rig.
Canada’s whole rig rely of 190 is made up of 129 oil rigs, 60 gasoline rigs, and one miscellaneous rig, Baker Hughes identified. Week on week, the nation’s oil, gasoline, and miscellaneous rig counts remained unchanged, the rely revealed.
The full North America rig rely is down 69 rigs in comparison with yr in the past ranges, based on Baker Hughes’ rely, which confirmed that the U.S. has minimize 36 rigs and Canada has minimize 33 rigs, yr on yr. The U.S. has dropped 57 oil rigs and added 16 gasoline rigs and 5 miscellaneous rigs, whereas Canada has dropped 28 oil rigs, three gasoline rigs, and two miscellaneous rigs, yr on yr, the rely outlined.
In a report despatched to Rigzone by the JPM Commodities Analysis workforce on Monday, analysts at J.P. Morgan highlighted that “whole U.S. oil and gasoline rigs had been unchanged this week at 549, based on Baker Hughes”.
“Oil targeted rigs noticed a lower of two, bringing the entire to 422, following the addition of six rigs the earlier week. In the meantime, pure gasoline targeted rigs elevated by one to 118 following a lower of 1 rig final week,” they added.
“The rig rely within the 5 main tight oil basins – we use the EIA [U.S. Energy Information Administration] basin definition – decreased by three to 401 rigs, whereas the rig rely within the two main tight gasoline basins decreased by one to 83 rigs. Miscellaneous rigs elevated by one, reaching 9, which marks the best rely on file,” they continued.
“Oil rig counts normalized this week, reducing by two after a six-rig soar final week. Within the pure gasoline class, there was a internet addition of 1 rig: two new rigs had been added within the ‘different’ class – probably within the Inexperienced River and San Juan basins – whereas the Marcellus noticed a discount of 1 rig,” the analysts went on to state.
In its earlier rig rely, which was launched on September 26, Baker Hughes revealed that North America added eight rigs week on week. The U.S. added seven rigs and Canada added one rig week on week, that rely revealed.
Baker Hughes’ September 19 rig rely revealed that North America added six rigs week on week, its September 12 rig rely confirmed that North America added seven rigs week on week, and its September 5 rig rely additionally revealed that North America added seven rigs week on week.
In its August 29 rig rely, Baker Hughes confirmed that North America minimize seven rigs week on week. The corporate’s August 22 rig rely confirmed that North America minimize 4 rigs week on week, its August 15 rig rely revealed that North America added three rigs week on week, and its August 8 rig rely revealed that North America added two rigs week on week.
Baker Hughes’ August 1 rig rely confirmed that North America dropped seven rigs week on week, its July 25 rig rely revealed that North America added eight rigs week on week, its July 18 rely confirmed that North America added 17 rigs week on week, its July 11 rig rely confirmed that North America added 9 rigs week on week, and its July 3 rely highlighted that North America added three rigs week on week.
In its June 27 rig rely, Baker Hughes revealed that North America dropped six rigs week on week. The corporate’s June 20 rig rely confirmed that the entire North America rig rely remained unchanged week on week, its June 13 rig rely confirmed that North America added 20 rigs week on week, and its June 6 rig rely confirmed that North America minimize two rigs week on week.
Baker Hughes’ Might 30 rig rely revealed that North America dropped 5 rigs week on week, its Might 23 rely confirmed that North America dropped 17 rigs week on week, and its Might 16 rig rely confirmed that North America added 5 rigs week on week. The corporate’s Might 9 rig rely revealed that North America minimize 12 rigs week on week, its Might 2 rely revealed that North America dropped 11 rigs week on week, and its April 25 rely confirmed that North America dropped 4 rigs week on week.
Baker Hughes’ April 17 rely confirmed that North America dropped two rigs week on week, its April 11 rig rely revealed that North America minimize 22 rigs week on week, the corporate’s April 4 rig rely confirmed that North America minimize 12 rigs week on week, its March 28 rely revealed that North America minimize 18 rigs week on week, and its March 21 rig rely additionally revealed that North America minimize 18 rigs week on week. Baker Hughes’ March 14 rely confirmed that North America dropped 35 rigs week on week and its March 7 rig rely revealed North America minimize 15 rigs week on week.
In its February 28 rig rely, Baker Hughes confirmed that North America added 5 rigs week on week. Its February 21 rely revealed that North America added three rigs week on week, its February 14 rig rely confirmed that North America dropped two rigs week on week, and its January 31 rig rely confirmed that North America added 19 rigs week on week.
The corporate’s January 24 rig rely revealed that North America added 12 rigs week on week, its January 17 rely confirmed that North America added 9 rigs week on week, and its January 10 rig rely outlined that North America added 117 rigs week on week.
Baker Hughes’ January 3 rig rely revealed that North America dropped one rig week on week and its December 27 rig rely confirmed that North America dropped 71 rigs week on week.
Baker Hughes, which has issued rotary rig counts since 1944, describes the figures as an vital enterprise barometer for the drilling business and its suppliers. The corporate notes that working rig location data is supplied partly by Enverus.
To contact the writer, e mail andreas.exarheas@rigzone.com
