North America added six rigs week on week, in keeping with Baker Hughes’ newest rotary rig depend, which was revealed on September 27.
The U.S. dropped one rig week on week, whereas Canada added seven rigs throughout the identical interval, taking the whole North America rig depend as much as 805, comprising 587 rigs from the U.S. and 218 rigs from Canada, the depend outlined.
Of the whole U.S. rig depend of 587, 567 are categorized as land rigs, 19 are categorized as offshore rigs, and one is categorized as an inland water rig. The whole U.S. rig depend contains 484 oil rigs, 99 fuel rigs, and 4 miscellaneous rigs, in keeping with Baker Hughes, which highlights that the whole U.S. depend has 523 horizontal rigs, 50 directional rigs, and 14 vertical rigs.
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Week on week, the U.S. dropped one offshore rig, the depend highlighted. The nation’s fuel rig depend elevated by three, its oil rig depend dropped by 4, and its miscellaneous rig depend was unchanged week on week, the depend revealed. Through the interval, the U.S. horizontal and directional rig counts had been unchanged, whereas its vertical rig depend dropped by one, Baker Hughes highlighted.
A subcategory of main state variances within the Baker Hughes depend confirmed that Texas added one rig week on week, whereas New Mexico dropped two and Louisiana dropped one throughout the identical timeframe.
Canada’s complete rig depend of 218 is made up of 152 oil rigs, 65 fuel rigs, and one miscellaneous rig, Baker Hughes’ depend revealed. The nation dropped one fuel rig and added eight oil rigs week on week, the depend confirmed. Its miscellaneous rig depend remained unchanged through the interval, the corporate highlighted.
The whole North America rig depend is down 9 in comparison with 12 months in the past ranges, in keeping with Baker Hughes, which outlined that the U.S. has pushed this decline, chopping 36 rigs through the interval whereas Canada’s depend elevated by 27. The U.S. has minimize 18 oil rigs, 17 fuel rigs, and one miscellaneous rig, whereas Canada has added 37 oil rigs and one miscellaneous rig, and minimize 11 fuel rigs, 12 months on 12 months, the depend revealed.
In its earlier rig depend, which was revealed on September 20, Baker Hughes revealed that North America dropped 9 rigs week on week. The U.S. minimize a complete of two rigs week on week and Canada dropped a complete of seven rigs throughout the identical interval, that depend highlighted.
In a report despatched to Rigzone by Commonplace Chartered Financial institution Commodities Analysis Head Paul Horsnell on September 24, which referred to Baker Hughes’ September 20 rig depend, analysts on the financial institution, together with Horsnell, mentioned, “the U.S. oil rig depend was unchanged week on week at 488, in keeping with the most recent Baker-Hughes survey, leaving it 11 rigs above the 12 months up to now low and 23 rigs beneath the 12 months up to now excessive”.
“The one area to indicate per week on week decline was Colorado’s DJ Basin the place exercise fell by one to a 39-month low of seven rigs. The Delaware Basin rig depend was unchanged week on week at a 29-month low of 168 rigs; it has remained in a 168-171 vary for the previous 18 weeks,” they added.
“Elsewhere within the Permian Basin, Midland Basin exercise rose by one to 109 rigs, whereas different Permian exercise was unchanged at 30 rigs. The U.S. fuel rig depend fell by one to 96; the one week on week decline was the lack of one of many two fuel rigs beforehand energetic within the Uinta Basin. Exercise within the Marcellus Basin was unchanged at its eight-year low of 24 rigs,” they continued.
Baker Hughes’ September 13 rig depend confirmed that North America added six rigs week on week. The corporate’s September 6 rig depend revealed that North America dropped one rig week on week and its August 30 rig depend additionally confirmed that North America dropped one rig week on week.
Baker Hughes’ August 23 depend revealed that North America added one rig week on week, its August 16 depend revealed that North America dropped two rigs week on week, and its August 9 depend confirmed that North America’s rig depend stayed flat week on week.
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 Could 31 depend confirmed that North America added eight rigs week on week, and its Could 24 rig depend highlighted that North America added two rigs week on week.
The corporate’s Could 17 depend revealed that North America dropped one rig week on week, its Could 10 depend confirmed that North America dropped six rigs week on week, its Could 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 minimize 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 minimize 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 minimize 43 rigs week on week, its March 15 depend confirmed that the area minimize 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 remaining rotary rig depend of 2023 confirmed a notable week on week and 12 months on 12 months drop for North America. The area’s rig depend decreased by 58 week on week and by 155 12 months on 12 months, in keeping with that depend, which was launched on December 29.
Baker Hughes, which has issued the rotary rig counts to the petroleum trade since 1944, describes the figures as an vital enterprise barometer for the drilling trade and its suppliers. The corporate notes that working rig location info is offered partly by Enverus.
To contact the writer, e-mail andreas.exarheas@rigzone.com
