North America added 12 rigs week on week, in response to Baker Hughes’ newest North America rotary rig depend, which was launched on January 24.
Though the U.S. dropped 4 rigs week on week, Canada added 16 rigs throughout the identical timeframe, taking the full North America rig depend as much as 821, comprising 576 rigs from the U.S. and 245 rigs from Canada, Baker Hughes’ depend outlined.
Of the full U.S. rig depend of 576, 560 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 472 oil rigs, 99 fuel rigs, and 5 miscellaneous rigs, in response to the depend, which revealed that the U.S. complete includes 511 horizontal rigs, 51 directional rigs, and 14 vertical rigs.
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Week on week, the U.S. offshore and inland water rig counts remained unchanged, however the nation’s land rig depend dropped by 4, the depend revealed. The nation’s oil rig depend dropped by six, its fuel rig depend elevated by one, and its miscellaneous rig depend elevated by one, week on week, the depend confirmed. The U.S. horizontal rig depend dropped by 4, whereas its directional rig depend dropped by one and its vertical rig depend elevated by one, week on week, the depend highlighted.
A significant state variances subcategory included within the rig depend confirmed that Texas dropped 4 rigs and New Mexico dropped one rig, week on week. Oklahoma added one rig throughout the identical interval, the depend outlined.
A significant basin variances subcategory included in Baker Hughes’ rig depend confirmed that the Permian basin dropped six rigs, and the Cana Woodford and Barnett basins every dropped one rig, week on week. The Eagle Ford basin added one rig week on week, the depend revealed.
Canada’s complete rig depend of 245 is made up of 174 oil rigs and 71 fuel rigs, Baker Hughes identified. The nation’s oil rig depend elevated by 18 week on week and its fuel rig depend dropped by two week on week, the depend confirmed.
The whole North America rig depend is down 30 in comparison with 12 months in the past ranges, in response to Baker Hughes’ depend, which confirmed that the U.S. has minimize 45 rigs and Canada has added 15 rigs, 12 months on 12 months. The U.S. has dropped 27 oil rigs and 20 fuel rigs, and added two miscellaneous rigs, whereas Canada has added 30 oil rigs and minimize 15 fuel rigs, 12 months on 12 months, the depend revealed.
In a report despatched to Rigzone by the Skandinaviska Enskilda Banken AB (SEB) staff on Monday, Bjarne Schieldrop, chief commodities analyst on the firm, highlighted that the “U.S. oil drilling rig depend fell by six to 472 final week, and [the] lowest since October 2021”.
In its earlier rig depend, which was printed on January 17, Baker Hughes outlined that North America added 9 rigs week on week. The whole U.S. rig depend dropped by 4 week on week whereas Canada’s complete rig depend elevated by 13 throughout the identical timeframe, that depend confirmed.
Baker Hughes’ January 10 rig depend outlined that North America added 117 rigs week on week. The whole U.S. rig depend dropped by 5 week on week whereas Canada’s complete rig depend elevated by 122 throughout the identical timeframe, that depend highlighted.
Baker Hughes’ January 3 rig depend outlined 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 vital enterprise barometer for the drilling trade and its suppliers. The corporate notes that working rig location data is supplied partly by Enverus.
To contact the creator, e mail andreas.exarheas@rigzone.com
