North America added 5 rigs week on week, in response to Baker Hughes’ newest rotary rig depend, which was launched on August 2.
Though the U.S. dropped three rigs week on week, Canada added eight throughout the identical timeframe, taking the North America rig depend as much as 805, comprising 586 rigs from the U.S. and 219 rigs from Canada, the depend outlined.
Of the overall U.S. rig depend of 586, 566 rigs are categorized as land rigs and 20 rigs are categorized as offshore rigs. There are 482 oil rigs, 98 gasoline rigs, and 6 miscellaneous rigs on this whole depend, in response to Baker Hughes, which highlighted that the overall U.S. rig determine includes 520 horizontal rigs, 49 directional rigs, and 17 vertical rigs.
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Week on week, the U.S. dropped two land rigs and one offshore rig, the depend revealed. The U.S. gasoline rig depend dropped by three and its horizontal rig depend dropped by three throughout the identical interval, Baker Hughes identified. California and Wyoming every added one rig week on week, whereas Texas dropped two, and Pennsylvania, Louisiana, and Colorado every dropped one rig week on week, the depend confirmed.
Canada’s whole rig depend of 219 includes 150 oil rigs and 69 gasoline rigs, the depend revealed. Canada added six oil rigs and two gasoline rigs week on week, the depend highlighted.
The whole North America rig depend is down 42 in comparison with yr in the past ranges, in response to Baker Hughes, which outlined that the U.S. has pushed this decline, chopping 73 rigs through the interval whereas Canada’s depend elevated by 31. The U.S. has minimize 43 oil rigs and 30 gasoline rigs whereas Canada has added 32 oil rigs and dropped one gasoline rig, yr on yr, the rig depend revealed.
In its earlier rig depend, which was printed on July 26, Baker Hughes revealed that North America added 17 rigs week on week. The U.S. added three rigs and Canada added 14 rigs week on week, that depend outlined.
In a report despatched to Rigzone by Commonplace Chartered Financial institution Commodities Analysis Head Paul Horsnell on July 30, which referred to Baker Hughes’ July 26 rig depend, analysts on the financial institution, together with Horsnell, mentioned, “U.S. oil drilling has elevated for the primary time in 10 weeks in response to the most recent Baker-Hughes survey”.
“The oil rig depend gained 5 week on week to 482. The most important week on week change was within the STACK area of Oklahoma the place exercise rose by two to 11 rigs. Inside the Permian Basin, Delaware Basin exercise gained one to 171 rigs, Midland Basin exercise was unchanged at 105 rigs and different Permian exercise fell by two to twenty-eight rigs,” they added.
“The U.S. gasoline depend declined by two week on week to 101 with Haynesville exercise unchanged at 36 rigs and Marcellus exercise unchanged at 26 rigs,” they continued.
Baker Hughes’ July 19 depend revealed North America added 10 rigs week on week, its July 12 depend confirmed that North America added 13 rigs week on week, and its July 5 depend revealed that North America added three rigs week on week.
The corporate’s 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, its June 14 depend confirmed that North America added 13 rigs week on week, its 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.
Baker Hughes’ 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, and its Could 3 depend additionally confirmed that North America dropped six rigs week on week. The corporate’s 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 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 response to 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 obtains its working rig location data partially from Enverus.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
