Baker Hughes Reports US Rig Rebound



Baker Hughes Reports US Rig Rebound
The number of rotary drilling rigs operating in the United States rebounded this past week, according to Baker Hughes.

The total number of rotary drilling rigs operating in the United States rebounded this past week, Baker Hughes Co. (NYSE: BKR) reported Wednesday.

Less than a week after revealing a slight dip, the service company pointed out the overall number of U.S. drilling units has since risen by 10 to reach 320.

Baker Hughes’ latest U.S. rig count reflects a 10-unit gain in oil rigs (to 241) and a one-unit increase in natural gas rigs (to 77). The number of miscellaneous rigs dropped by one to two units.

Against the year-ago figure of 802, the latest total U.S. rig count is down by 482 drilling units, Baker Hughes continued. It pointed out that oil rigs are down 427, gas rigs are down 54 and miscellaneous rigs are down one.

Baker Hughes added the U.S. offshore rig count remained flat at 12 this week – down 10 from this time last year.

Canada netted one additional operating drilling unit this week, bringing the country’s total to 102. The most recent figures comprise 38 oil rigs (down four from last week) and 64 gas rigs (up five), Baker Hughes noted. At this time last year, 126 rigs (77 oil and 49 gas) were operating in Canada, the firm added.

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

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



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