North America added three rigs week on week, in response to Baker Hughes’ newest North America rotary rig depend, which was printed on February 21.
The U.S. added 4 rigs week on week, and Canada dropped one rig throughout the identical interval, taking the overall North America rig depend as much as 836, comprising 592 rigs from the U.S. and 244 rigs from Canada, the depend outlined.
Of the overall U.S. rig depend of 592, 576 rigs are categorized as land rigs, 14 are categorized as offshore rigs, and two are categorized as inland water rigs. The whole U.S. rig depend is made up of 488 oil rigs, 99 fuel rigs, and 5 miscellaneous rigs, in response to the depend, which revealed that the U.S. complete contains 530 horizontal rigs, 49 directional rigs, and 13 vertical rigs.
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Week on week, the U.S. land rig depend elevated by 4, and the nation’s offshore and inland water rig counts remained unchanged, the depend highlighted. The U.S. oil rig depend elevated by seven, its fuel rig depend dropped by two, and its miscellaneous rig depend dropped by one, week on week, the depend confirmed. Baker Hughes’ depend revealed that the U.S. horizontal rig depend elevated by six week on week, whereas the nation’s directional rig depend dropped by two and its vertical rig depend remained unchanged in the course of the interval.
A significant state variances subcategory included within the rig depend confirmed that, week on week, Oklahoma added 5 rigs and West Virginia added one rig, whereas New Mexico and Utah every dropped one rig.
A significant basin variances subcategory included in Baker Hughes’ rig depend confirmed that the Cana Woodford basin added two rigs and the Ardmore Woodford, Granite Wash, and Marcellus basins every added one rig, week on week.
Canada’s complete rig depend of 244 is made up of 174 oil rigs and 70 fuel rigs, Baker Hughes identified. The nation’s fuel rig depend dropped by one week on week and its oil and miscellaneous rig counts remained unchanged in the course of the interval, the depend confirmed.
The whole North America rig depend is down 21 in comparison with 12 months in the past ranges, in response to Baker Hughes’ depend, which confirmed that the U.S. has lower 34 rigs and Canada has added 13 rigs, 12 months on 12 months. The U.S. has dropped 21 fuel rigs and 15 oil rigs, and added two miscellaneous rigs, whereas Canada has added 33 oil rigs and lower 20 fuel rigs, 12 months on 12 months, the depend revealed.
In a analysis word despatched to Rigzone by the JPM Commodities Analysis group on Friday, analysts at J.P. Morgan famous that “complete U.S. oil and fuel rigs rose by 4 to 592 this week”, including that “oil-focused operators rose by seven to 488 rigs, a fourth consecutive achieve” and that “pure gas-focused rigs fell by two to 99 rigs, retreating again under the 100 rig mark”.
In its earlier rig depend, which was launched on February 14, Baker Hughes revealed that North America dropped two rigs week on week. Though the U.S. added two rigs week on week, Canada dropped 4 rigs throughout the identical interval, that depend outlined. Baker Hughes’ February 7 rig depend revealed that North America dropped 5 rigs week on week.
The corporate’s January 31 rig depend confirmed that North America added 19 rigs week on week, its January 24 rig depend revealed that North America added 12 rigs week on week, its January 17 depend confirmed that North America added 9 rigs week on week, and its January 10 rig depend outlined that North America added 117 rigs week on week.
Baker Hughes’ January 3 rig depend revealed that North America dropped one rig week on week, its December 27 rig depend confirmed that North America dropped 71 rigs week on week, its December 20 rig depend revealed that North America misplaced 25 rigs week on week, its December 13 rig depend revealed that North America misplaced three rigs week on week, and its December 6 rig depend revealed that North America misplaced 4 rigs week on week. The corporate’s November 27 depend confirmed that North America’s complete rig depend elevated by three week on week.
Baker Hughes, which has issued rotary rig counts since 1944, describes the figures as an essential enterprise barometer for the drilling business and its suppliers. The corporate notes that working rig location data is offered partly by Enverus.
To contact the writer, e-mail andreas.exarheas@rigzone.com
