North America’s rig rely stayed flat week on week, in accordance with Baker Hughes’ newest rotary rig rely, which was printed on August 9.
The U.S. added two rigs and Canada dropped two rigs week on week, which led to the whole North America rig rely remaining unchanged at 805, comprising 588 rigs from the U.S. and 217 rigs from Canada, the rely outlined.
The full U.S. rig rely is made up of 569 land rigs and 19 offshore rigs, in accordance with Baker Hughes, which highlighted that the nation’s whole rely contains 485 oil rigs, 97 gasoline rigs, and 6 miscellaneous rigs. Of the whole U.S. rig rely of 588, 521 are categorized as horizontal rigs, 50 are categorized as directional rigs, and 17 are categorized as vertical rigs.
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Week on week, the U.S. added three land rigs and dropped one offshore rig, whereas its oil rig rely elevated by three and its gasoline rig rely dropped by one, Baker Hughes confirmed. In the course of the interval, the U.S. added one directional rig and one horizontal rig, the rely revealed.
Texas and Wyoming every added two rigs week on week, whereas Pennsylvania and Colorado every added one rig, the rely highlighted. Louisiana dropped two rigs, and New Mexico and Ohio every dropped one rig week on week, the rely outlined.
Canada’s whole rig rely of 217 is made up of 147 oil rigs, 69 gasoline rigs, and one miscellaneous rig, the rely revealed. Canada added one miscellaneous rig and minimize three oil rigs week on week, the rely highlighted.
The full North America rig rely is down 39 in comparison with 12 months in the past ranges, in accordance with Baker Hughes, which outlined that the U.S. has pushed this decline, chopping 66 rigs through the interval whereas Canada’s rely elevated by 27. The U.S. has minimize 40 oil rigs and 26 gasoline rigs whereas Canada has added 31 oil rigs and one miscellaneous rig, and minimize 5 gasoline rigs, 12 months on 12 months, the rig rely revealed.
In its earlier rig rely, which was printed on August 2, Baker Hughes confirmed that North America added 5 rigs week on week. Though the U.S. dropped three rigs week on week, Canada added eight throughout the identical timeframe, taking the North America rig rely as much as 805, comprising 586 rigs from the U.S. and 219 rigs from Canada, that rely outlined.
Week on week, the U.S. dropped two land rigs and one offshore rig, that rely revealed. The U.S. gasoline rig rely dropped by three and its horizontal rig rely dropped by three throughout the identical interval, Baker Hughes identified in that rely.
In a report despatched to Rigzone by Commonplace Chartered Financial institution Commodities Analysis Head Paul Horsnell on August 6, which referred to Baker Hughes’ August 2 rig rely, analysts on the financial institution, together with Horsnell, stated, “the U.S. oil rig rely … was unchanged week on week at 482 in accordance with the newest Baker Hughes survey”.
“Exercise within the DJ Basin of Colorado and Wyoming fell by a single rig to a three-year low of 9 rigs, whereas the rig rely in Wyoming’s Powder River Basin gained one to eight Within the Permian Basin, Delaware Basin exercise was unchanged at 171 rigs, Midland Basin exercise was unchanged at 105 rigs whereas different Permian exercise fell by a single rig to 27 rigs,” they added.
“The U.S. gasoline rig rely declined by three week on week to 98, solely a single rig above the three-year low,” they continued.
Baker Hughes’ July 26 rely confirmed that North America added 17 rigs week on week, its July 19 rely revealed North America added 10 rigs week on week, its July 12 rely confirmed that North America added 13 rigs week on week, and its July 5 rely revealed that North America added three rigs week on week.
The corporate’s June 28 rely additionally confirmed that North America added three rigs week on week, its June 21 rig rely revealed that North America added 4 rigs week on week, its June 14 rely confirmed that North America added 13 rigs week on week, its June 7 rely revealed that North America added 9 rigs week on week, its Could 31 rely confirmed that North America added eight rigs week on week, and its Could 24 rig rely highlighted that North America added two rigs week on week.
Baker Hughes’ Could 17 rely revealed that North America dropped one rig week on week, its Could 10 rely confirmed that North America dropped six rigs week on week, and its Could 3 rely additionally confirmed that North America dropped six rigs week on week. The corporate’s April 26 rely confirmed that North America dropped 15 rigs week on week and its April 19 rely confirmed that North America minimize 12 rigs week on week.
Baker Hughes’ April 12 rely revealed that North America added two rigs week on week, and its April 5 rely confirmed that North America minimize 16 rigs week on week.
The corporate’s March 28 rely revealed that North America dropped 21 rigs week on week, its March 22 rely confirmed that the area minimize 43 rigs week on week, its March 15 rely confirmed that the area minimize 11 rigs week on week, and its March 8 rig rely confirmed that North America dropped 13 rigs week on week.
Baker Hughes’ March 1 rig rely revealed that North America added three rigs week on week, its February 23 rig rely confirmed that North America added two rigs week on week, and its February 16 rely confirmed that North America’s rig rely remained unchanged week on week.
The corporate’s February 9 rig rely revealed that North America elevated its rig rely by 4 rigs week on week, its February 2 rely confirmed that North America’s rig rely stayed flat week on week, and its January 26 rig rely 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, its January 12 rig rely confirmed that North America elevated its rig rely by 86 rigs week on week, and its January 5 rig rely, which marked the corporate’s first rotary rig rely of 2024, confirmed that North America added 38 rigs week on week.
The corporate’s closing rotary rig rely of 2023 confirmed a notable week on week and 12 months on 12 months drop for North America. The area’s rig rely decreased by 58 week on week and by 155 12 months on 12 months, in accordance with that rely, which was launched on December 29.
Baker Hughes, which has issued the rotary rig counts to the petroleum business since 1944, describes the figures as an essential enterprise barometer for the drilling business and its suppliers. The corporate obtains its working rig location data partially from Enverus.
To contact the writer, e-mail andreas.exarheas@rigzone.com
