USA Adds More Rigs
The U.S. added three rigs week on week, according to Baker Hughes’ latest rotary rig count, which was published on April 29.
The three weekly additions comprised two land rigs and one offshore rig, Baker Hughes showed. The country’s total rig count now stands at 698, comprising 684 land rigs and 14 offshore rigs, made up of 552 oil rigs, 144 gas rigs and two miscellaneous rigs, according to Baker Hughes.
Canada’s rig count was shown to have dropped six rigs week on week. This weekly drop took the country’s total rig count down to 95, comprising 45 oil rigs and 50 gas rigs, Baker Hughes outlined. The total North America rig count is now shown to stand at 793, which is three fewer rigs than week ago levels. Baker Hughes’ previous rig count, released on April 22, highlighted that North America’s rig count stayed flat week on week.
Looking at year ago figures, the U.S. rig count has grown by 258 rigs, comprising 210 oil rigs and 48 gas rigs, while Canada’s rig count has grown by 44 rigs, comprising 25 oil rigs and 19 gas rigs, according to Baker Hughes. North America’s total rig count is shown to have grown by 302 rigs year on year.
Baker Hughes, which has issued the rotary rig counts to the petroleum industry since 1944, describes the figures as an important business barometer for the drilling industry and its suppliers. The company obtains its working rig location information in part from Enverus, which produces daily rig counts using GPS tracking units.
To contact the author, email andreas.exarheas@rigzone.com
What do you think? We’d love to hear from you, join the conversation on the
Rigzone Energy Network.
The Rigzone Energy Network is a new social experience created for you and all energy professionals to Speak Up about our industry, share knowledge, connect with peers and industry insiders and engage in a professional community that will empower your career in energy.
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- Oil Markets Were Already Positioned for Iran Attack
- An Already Bad Situation in the Red Sea Just Got Worse
- Valeura Makes Three Oil Discoveries Offshore Thailand
- EU Offers $900MM in Funding for Energy Infrastructure Projects
- Chile's ENAP Says Working on Decarbonization Plan
- Germany to Provide $2.3B Aid for Decarbonization of Industrial Sectors
- Mexico Presidential Frontrunner Plans to Spend Billions on RE, Gas Power
- Macquarie Strategists Warn of Large Oil Price Correction
- JPMorgan CEO Says LNG Projects Delayed Mainly for Political Reasons
- USA, Venezuela Secretly Meet in Mexico as Oil Sanctions Deadline Nears
- EIA Ups Brent Oil Price Forecast for 2024 and 2025
- Petrobras Discovers Oil in Potiguar Basin
- EIR Says Oil Demand Will Not Peak Before 2030
- Biden Plans Sweeping Effort to Block Arctic Oil Drilling
- Pantheon Upgrades Kodiak Estimates to 1.2 Billion Barrels
- Dryad Flags Red Sea 'Electronic Warfare' Alert
- Russian Oil Is Once Again Trading Far Above the G-7 Price Cap Everywhere
- Oil and Gas Executives Predict WTI Oil Price
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Another Major Oilfield Discovery
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024