North America dropped 9 rigs week on week, in response to Baker Hughes’ newest rotary rig rely, which was printed on September 20.
The U.S. lower a complete of two rigs week on week and Canada dropped a complete of seven rigs throughout the identical interval, taking the full North America rig rely all the way down to 799, comprising 588 rigs from the U.S. and 211 from Canada, Baker Hughes’ newest rotary rig rely outlined.
Of the full U.S. rig rely of 588, 567 are categorized as land rigs, 20 are categorized as offshore rigs, and one is categorized as an inland water rig. The whole U.S. rig rely is made up of 488 oil rigs, 96 fuel rigs, and 4 miscellaneous rigs, in response to the rely, which confirmed that the full U.S. rig determine contains 523 horizontal rigs, 50 directional rigs, and 15 vertical rigs.
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The U.S. dropped one land rig and one offshore rig week on week, the rely confirmed. The U.S. oil rig rely remained unchanged week on week, whereas its fuel rig rely and its miscellaneous rig rely every dropped by one throughout the identical timeframe, the rely revealed. The U.S. horizontal and vertical rig counts stayed the identical week on week, whereas the nation’s directional rig rely dropped by two throughout the interval, Baker Hughes highlighted.
Texas added two rigs week on week, whereas Colorado, Louisiana, New Mexico, and Utah every dropped one rig throughout the interval, Baker Hughes’ rely confirmed.
Canada’s whole rig rely of 211 is made up of 144 oil rigs, 66 fuel rigs, and one miscellaneous rig, Baker Hughes’ rely revealed. The nation dropped six oil rigs and one fuel rig week on week, the rely revealed.
The whole North America rig rely is down 21 in comparison with 12 months in the past ranges, in response to Baker Hughes, which outlined that the U.S. has pushed this decline, slicing 42 rigs throughout the interval whereas Canada’s rely elevated by 21. The U.S. has lower 19 oil rigs, 22 fuel rigs, and one miscellaneous rig, whereas Canada has added 29 oil rigs and one miscellaneous rig, and lower 9 fuel rigs, 12 months on 12 months, the rely revealed.
In its earlier rig rely, which was printed on September 13, Baker Hughes confirmed that North America added six rigs week on week. The U.S. added a complete of eight rigs week on week and Canada dropped a complete of two rigs throughout the identical interval, that rely outlined.
In a report despatched to Rigzone by Commonplace Chartered Financial institution Commodities Analysis Head Paul Horsnell on September 17, which referred to Baker Hughes’ September 13 rig rely, analysts on the financial institution, together with Horsnell, mentioned, “the U.S. oil rig rely elevated for the primary time in 5 weeks in response to the most recent Baker-Hughes survey including 5 week on week to 488”.
“The principle sources of the rise have been Wyoming’s Powder River Basin the place exercise rose by three to 13 rigs and offshore Louisiana the place the rig rely gained two to 16. Permian Basin drilling was unchanged week on week in all areas with exercise at 168 rigs within the Delaware Basin, 108 rigs within the Midland Basin and 30 rigs in different Permian areas,” they added.
“The whole Permian rig rely is 306; it has remained within the 303-306 vary for 12 weeks. The U.S. fuel rig rely rose from the earlier week’s 41-month low, including three rigs week on week to 97,” they continued.
Baker Hughes’ September 6 rig rely revealed that North America dropped one rig week on week and its August 30 rig rely additionally confirmed that North America dropped one rig week on week.
Baker Hughes’ August 23 rely revealed that North America added one rig week on week, its August 16 rely revealed that North America dropped two rigs week on week, and its August 9 rely confirmed that North America’s rig rely stayed flat week on week.
Baker Hughes’ August 2 rig rely confirmed that North America added 5 rigs week on week, its 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, and its July 12 rely confirmed that North America added 13 rigs week on week.
The corporate’s July 5 rely revealed that North America added three rigs week on week, its 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, and its June 14 rely confirmed that North America added 13 rigs week on week.
Baker Hughes’ June 7 rely revealed that North America added 9 rigs week on week, its Might 31 rely confirmed that North America added eight rigs week on week, and its Might 24 rig rely highlighted that North America added two rigs week on week.
The corporate’s Might 17 rely revealed that North America dropped one rig week on week, its Might 10 rely confirmed that North America dropped six rigs week on week, its Might 3 rely additionally confirmed that North America dropped six rigs week on week, its April 26 rely confirmed that North America dropped 15 rigs week on week, and its April 19 rely confirmed that North America lower 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 lower 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 lower 43 rigs week on week, its March 15 rely confirmed that the area lower 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 remaining 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 response to 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 vital enterprise barometer for the drilling business and its suppliers. The corporate notes that working rig location data is supplied partially by Enverus.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
