In keeping with Baker Hughes’ newest rotary rig rely, which was launched on February 16, the entire North America rig rely remained unchanged week on week.
The entire rig rely within the area is 855, comprising 621 rigs from the U.S. and 234 from Canada, the rely outlined. Week on week, the U.S. dropped two rigs and Canada added two rigs, the rely confirmed.
Of the entire U.S. rig rely of 621, 602 rigs are categorized as land rigs and 19 are categorized as offshore rigs. The rig rely is made up of 497 oil rigs, 121 gasoline rigs, and three miscellaneous rigs, in accordance with Baker Hughes, which revealed that the nation has 560 horizontal rigs, 48 directional rigs, and 13 vertical rigs.
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Week on week, the U.S. dropped two offshore rigs and its oil rig rely decreased by two, Baker Hughes confirmed. The nation’s directional rig rely dropped by three and its vertical rig rely elevated by one throughout the identical timeframe, Baker Hughes outlined. Texas reduce two rigs week on week, whereas Kansas dropped one and Oklahoma added one, the rely revealed.
Of Canada’s whole rig rely of 234, 144 rigs are categorized as oil rigs and 90 are categorized as gasoline rigs. The area added three oil rigs and dropped one gasoline rig week on week, the rely highlighted.
The entire North America rig rely is down 153 in comparison with yr in the past ranges, in accordance with Baker Hughes, which highlighted that the U.S. has pushed this decline, slicing 139 rigs throughout the interval whereas Canada reduce 14 rigs. The U.S. has reduce 110 oil rigs and 30 gasoline rigs, and added one miscellaneous rig, yr on yr, whereas Canada has dropped 19 oil rigs and added 5 gasoline rigs yr on yr, the rig rely revealed.
In its earlier rely, which was launched on February 9, Baker Hughes confirmed that North America elevated its rig rely by 4 rigs week on week. The U.S. added 4 rigs whereas Canada’s rig rely remained unchanged throughout the interval, that rely revealed.
“The U.S. oil rig rely was unchanged week on week, staying at 499 for the third consecutive week, in accordance with the most recent Baker-Hughes survey,” analysts at Customary Chartered mentioned in a report despatched to Rigzone on February 13, referring to Baker Hughes’ February 9 rig rely.
“The rig rely has stayed in a 497-501 vary for the previous 9 weeks. The gasoline rig rely superior by 4 week on week to a four-month excessive of 121, with Marcellus gaining two rigs to 30 and Haynesville gaining two rigs to 45,” they added.
“The yr on yr decline in oil drilling stands at 110 rigs (18.1 p.c), whereas the gasoline rig rely is decrease yr on yr by 29 rigs (19.3 p.c),” the analysts continued.
In its February 2 rely, Baker Hughes confirmed that North America’s rig rely stayed flat week on week and in its January 26 rig rely, Baker Hughes confirmed that North America elevated its rig rely by eight rigs week on week. Baker Hughes’ January 19 rely revealed that North America elevated its rig rely by 11 rigs week on week and its January 12 rely confirmed that North America elevated its rig rely by 86 rigs week on week.
Baker Hughes’ January 5 rig rely, which marked the corporate’s first rotary rig rely of 2024, highlighted that North America added 38 rigs week on week. The corporate’s remaining rotary rig rely of 2023 confirmed a notable week on week and yr on yr drop for North America. The area’s rig rely decreased by 58 week on week and by 155 yr on yr, in accordance with that rely, which was launched on December 29.
Baker Hughes, which has issued the rotary rig counts to the petroleum trade since 1944, describes the figures as an vital enterprise barometer for the drilling trade and its suppliers. The corporate obtains its working rig location info partly from Enverus.
To contact the creator, e-mail andreas.exarheas@rigzone.com
