North America dropped two rigs week on week, in keeping with Baker Hughes’ newest rotary rig depend, which was printed on August 16.
The U.S. reduce two rigs in the course of the interval, whereas Canada’s rig depend remained unchanged week on week, taking the overall North America rig depend right down to 803, comprising 586 rigs from the U.S. and 217 rigs from Canada, the depend outlined.
Of the overall U.S. rig depend of 586, 567 are categorized as land rigs and 19 are categorized as offshore rigs. The full U.S. rig depend includes 483 oil rigs, 98 gasoline rigs, and 5 miscellaneous rigs, in keeping with the depend, which reveals that this whole determine is made up of 521 horizontal rigs, 48 directional rigs, and 17 vertical rigs.
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Week on week, the U.S. dropped two land rigs, the depend revealed. The nation’s oil rig depend dropped by two, and its miscellaneous rig depend dropped by one week on week, whereas its gasoline rig depend elevated by one throughout the identical timeframe, Baker Hughes highlighted. The U.S. dropped two directional rigs week on week, the depend confirmed.
Baker Hughes revealed that Texas dropped three rigs and Ohio dropped one rig week on week, whereas Oklahoma added two rigs week on week.
Canada’s whole rig depend of 217 is made up of 151 oil rigs and 66 gasoline rigs, the depend highlighted. Canada added 4 oil rigs and reduce three gasoline rigs and one miscellaneous rig week on week, Baker Hughes confirmed.
The full North America rig depend is down 28 in comparison with yr in the past ranges, in keeping with Baker Hughes, which outlined that the U.S. has pushed this decline, chopping 56 rigs in the course of the interval whereas Canada’s depend elevated by 28. The U.S. has reduce 37 oil rigs and 19 gasoline rigs whereas Canada has added 32 oil rigs and reduce 4 gasoline rigs, yr on yr, the rig depend revealed.
In its earlier rig depend, which was printed on August 9, Baker Hughes confirmed that North America’s rig depend stayed flat week on week. The U.S. added two rigs and Canada dropped two rigs week on week, that depend confirmed.
In a report despatched to Rigzone by Normal Chartered Financial institution Commodities Analysis Head Paul Horsnell on August 13, which referred to Baker Hughes’ August 9 rig depend, analysts on the financial institution, together with Horsnell, stated, “the U.S. oil rig depend rose by three week on week to 485 in keeping with the newest Baker-Hughes survey, bringing the cumulative enhance since July’s 30-month low to eight rigs”.
“The newest enhance was centered within the Rockies, with exercise in Wyoming’s Powder River Basin gaining two rigs week on week to 10 rigs and exercise in Colorado’s DJ Basin rising by a single rig additionally to 10 rigs,” they added.
“Inside the Permian Basin, Delaware Basin exercise was unchanged at 171 rigs, Midland Basin exercise was unchanged at 105 rigs and different Permian exercise rose by one to twenty-eight rigs. The U.S. gasoline rig depend fell by one to a three-year low of 97, with exercise within the Haynesville area falling by two to a 47-month low of 34 rigs, simply three rigs increased than the low reached in the course of the pandemic,” they continued.
Baker Hughes’ August 2 rig depend confirmed that North America added 5 rigs week on week, its July 26 depend confirmed that North America added 17 rigs week on week, its July 19 depend revealed North America added 10 rigs week on week, and its July 12 depend confirmed that North America added 13 rigs week on week.
The corporate’s July 5 depend revealed that North America added three rigs week on week, its June 28 depend additionally confirmed that North America added three rigs week on week, its June 21 rig depend revealed that North America added 4 rigs week on week, and its June 14 depend confirmed that North America added 13 rigs week on week.
Baker Hughes’ June 7 depend revealed that North America added 9 rigs week on week, its Might 31 depend confirmed that North America added eight rigs week on week, and its Might 24 rig depend highlighted that North America added two rigs week on week.
The corporate’s Might 17 depend revealed that North America dropped one rig week on week, its Might 10 depend confirmed that North America dropped six rigs week on week, its Might 3 depend additionally confirmed that North America dropped six rigs week on week, its April 26 depend confirmed that North America dropped 15 rigs week on week, and its April 19 depend confirmed that North America reduce 12 rigs week on week.
Baker Hughes’ April 12 depend revealed that North America added two rigs week on week, and its April 5 depend confirmed that North America reduce 16 rigs week on week.
The corporate’s March 28 depend revealed that North America dropped 21 rigs week on week, its March 22 depend confirmed that the area reduce 43 rigs week on week, its March 15 depend confirmed that the area reduce 11 rigs week on week, and its March 8 rig depend confirmed that North America dropped 13 rigs week on week.
Baker Hughes’ March 1 rig depend revealed that North America added three rigs week on week, its February 23 rig depend confirmed that North America added two rigs week on week, and its February 16 depend confirmed that North America’s rig depend remained unchanged week on week.
The corporate’s February 9 rig depend revealed that North America elevated its rig depend by 4 rigs week on week, its February 2 depend confirmed that North America’s rig depend stayed flat week on week, and its January 26 rig depend confirmed that North America elevated its rig depend by eight rigs week on week.
Baker Hughes’ January 19 depend revealed that North America elevated its rig depend by 11 rigs week on week, its January 12 rig depend confirmed that North America elevated its rig depend by 86 rigs week on week, and its January 5 rig depend, which marked the corporate’s first rotary rig depend of 2024, confirmed that North America added 38 rigs week on week.
The corporate’s last rotary rig depend of 2023 confirmed a notable week on week and yr on yr drop for North America. The area’s rig depend decreased by 58 week on week and by 155 yr on yr, in keeping with that depend, 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 info partially from Enverus.
To contact the creator, e mail andreas.exarheas@rigzone.com
