Baker Hughes: Weekly North America Rig Count Down by 7


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- North American energy drilling activity declined by 
seven rigs this week, according to Baker Hughes' weekly report released Friday 
(4/17).

   The report shows the regional rig count at 673 in the current week, compared 
to 680 recorded the previous week. Rigs for Canada and the U.S. combined were 
lower than the 719 actively deployed in the same week of last year.

   This week's change was largely driven by declines in Canada, where the count 
fell by five to 130, and from 134 a year ago. In the U.S., the count dropped by 
two to 543.

   A year ago, U.S. rigs totaled 585. This week in the U.S., rigs in inland 
waters rose by one to two, while offshore rigs dropped by two to 12.

   Rigs on land fell by one to 529. By trajectory, directional rigs in the U.S. 
fell by four to 46, while horizontal rigs fell by one to 482 and vertical rigs 
remained unchanged at 12.




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