Baker Hughes: Weekly North America Rig Count Up by 28


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- North American energy drilling activity increased by 
28 rigs this week, according to Baker Hughes' weekly rigs report released 
Friday (5/29). The regional rig count for the week ended May 29 stood at 724, 
compared to 696 in the week prior.

   Rigs for Canada and the U.S. combined were also higher than the 675 actively 
deployed in the same week last year.

   This week's rig changes were driven by gains in both Canada and the United 
States, which saw increases of 24 and four rigs, respectively. Canada's count 
climbed to 162, while the U.S. rig count reached 562, remaining just below the 
year-ago level of 563.

   In the United States, oil rigs alone increased by four to 429. Conversely, 
the gas rig count held steady at 125, and miscellaneous rigs remained unchanged 
at eight.

   By trajectory, U.S. horizontal rigs stood at 480 and directional rigs at 64, 
after subtracting six rigs and adding 10, respectively. Vertical rigs were flat 
at 13.




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