Baker Hughes Reports Drop in Oil Rigs

Baker Hughes Co. on Friday reported the total number of rotary drilling rigs operating in the United States held flat at 254 this week.

The most recent U.S. rig count reflects a three-unit decline in oil rigs (to 180), a three-unit increase in gas rigs (to 72) and no change in the number of miscellaneous rigs (two), Baker Hughes stated.

Compared to the corresponding period in 2019, the U.S. rig count is down 650 rigs, the service company continued. It noted that 562 more oil rigs and 90 more gas rigs were operating a year ago. The two-unit miscellaneous rig count is unchanged year-on-year, it added.

The U.S. offshore rig count this past week was 13, down 13 from last year, Baker Hughes stated.

Baker Hughes also noted that Canada’s overall rig count fell by two this week to 54. The latest total for Canada comprises 19 oil rigs (down one), 35 gas rigs (down one) and zero miscellaneous rigs, the firm pointed out.

Against figures for last year, 86 fewer oil rigs and 10 fewer gas rigs are operating in Canada.

To contact the author, email mveazey@rigzone.com.