Baker Hughes Rig Count Holds Steady for USA

Baker Hughes Rig Count Holds Steady for USA
The overall active USA rotary rig fleet remained flat this week.

The overall U.S. rotary rig count increased remained flat at 470 drilling units this week, Baker Hughes Co. (NYSE: BKR) reported Friday.

In its weekly count of operating rigs Baker Hughes noted the U.S. oil rig tally declined by one to 372. The U.S. gas rig total grew by one to 98 and the country’s miscellaneous rig count stood at zero for another week, the service company added.

Since this time last year, when 265 rigs were operating, the U.S. has added 205 rigs, Baker Hughes noted. The firm stated the year-on-year figures reflect a 184-unit increase in oil rigs, a 23-unit gain in gas rigs, and a two-unit drop in the number of miscellaneous rigs. It added the U.S. offshore rig count grew by one this week to 14 – compared to 11 a year ago.

Canada added nine rigs to end the week at 126 units, Baker Hughes continued. The net gain includes an eight-unit increase in oil rigs, which now total 82, and a one-unit increase in gas rigs (to 44), the company added.

Year-over-year, Canada’s rig count is up 113, Baker Hughes stated. The firm pointed out that Canada has added 78 oil and 35 gas rigs versus the year-ago figures.

Baker Hughes obtains its working rig location information in part from Enverus, which produces daily rig counts using GPS tracking units.

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