North America dropped 5 rigs week on week, in keeping with Baker Hughes’ newest North America rotary rig depend, which was printed on February 7.
Though the U.S. added 4 rigs week on week, Canada reduce 9 rigs throughout the identical interval, taking the overall North America rig depend all the way down to 835, comprising 586 rigs from the U.S. and 249 rigs from Canada, the depend outlined.
Of the overall U.S. rig depend of 586, 570 rigs are categorized as land rigs, 14 are categorized as offshore rigs, and two are categorized as inland water rigs. The full U.S. rig depend is made up of 480 oil rigs, 100 gasoline rigs, and 6 miscellaneous rigs, in keeping with the depend, which revealed that the U.S. whole includes 523 horizontal rigs, 50 directional rigs, and 13 vertical rigs.
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Week on week, the U.S. land rig depend elevated by three, its offshore rig depend elevated by one, and its inland water rig depend remained unchanged, the depend highlighted. The nation’s oil and miscellaneous rig counts every elevated by one week on week, and its gasoline rig depend rose by two throughout the identical timeframe, the depend confirmed. Baker Hughes’ depend revealed that the U.S. horizontal rig depend elevated by 4 week on week, whereas its directional and vertical rig counts remained unchanged throughout the interval.
A serious state variances subcategory included within the rig depend confirmed that, week on week, Louisiana added two rigs, and California, Texas, Utah, and Wyoming every added one rig. Oklahoma dropped two rigs week on week, in keeping with the depend.
A serious basin variances subcategory included in Baker Hughes’ rig depend confirmed that the Eagle Ford and Haynesville basins every added two rigs week on week, whereas the Granite Wash basin dropped one rig week on week.
Canada’s whole rig depend of 249 is made up of 177 oil rigs and 72 gasoline rigs, Baker Hughes identified. The nation’s oil rig depend dropped by 9 week on week and its gasoline and miscellaneous rig counts remained unchanged one week on week, the depend confirmed.
The full North America rig depend is down 20 in comparison with 12 months in the past ranges, in keeping with Baker Hughes’ depend, which confirmed that the U.S. has reduce 37 rigs and Canada has added 17 rigs, 12 months on 12 months. The U.S. has dropped 21 gasoline rigs and 19 oil rigs, and added three miscellaneous rigs, whereas Canada has added 36 oil rigs and reduce 19 gasoline rigs, 12 months on 12 months, the depend revealed.
In its earlier rig depend, which was launched on January 31, Baker Hughes confirmed that North America added 19 rigs week on week. The U.S. added six rigs and Canada added 13 rigs week on week, taking the overall North America rig depend as much as 840, comprising 582 rigs from the U.S. and 258 rigs from Canada, that depend outlined.
“The U.S. oil rig depend has reversed the earlier week’s weather-related decline in growing by seven week on week from the earlier week’s 37-month low to 479, in keeping with the most recent Baker-Hughes survey,” analysts at Commonplace Chartered Financial institution, together with the corporate’s Commodities Analysis Head Paul Horsnell, stated in a report despatched to Rigzone by Horsnell on February 4, referring to Baker Hughes’ January 31 rig depend.
“The biggest week on week improve got here within the Midland Basin the place the rig depend elevated by 5 week on week to 107,” they added.
“Elsewhere within the Permian, Delaware Basin exercise elevated by two to 168 rigs whereas different Permian drilling fell two to a five-month low of 28 rigs. U.S. gasoline drilling fell by a single rig to 98 rigs, with Haynesville gasoline exercise fall[ing] by one to an eight-year low of 29 rigs,” they continued.
Baker Hughes’ January 24 rig depend outlined 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 whole rig depend elevated by three week on week.
Baker Hughes, which has issued rotary rig counts since 1944, describes the figures as an necessary enterprise barometer for the drilling trade and its suppliers. The corporate notes that working rig location info is supplied partially by Enverus.
To contact the writer, e mail andreas.exarheas@rigzone.com
