Baker Hughes: North America Rig Count Up 8 on Week


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- North American drilling activity rose this week, with 
a net gain of eight rigs across the U.S. and Canada after the prior week's loss 
of 17 rigs, Baker Hughes' weekly rigs report released on Friday (12/5) showed.

   With the adjustment, U.S. and Canadian rigs as a total stood at 740 this 
week, versus the prior week's 732, the report showed.

   Total rigs operating in the United States rose by five this week to 549. 
Even so, the total rig count was 40 below where it stood last year, according 
to the same data.

   Also in the U.S., oil-directed rigs climbed by six to 413 week-on-week. Gas 
rigs fell by one to 129. Miscellaneous rigs were unchanged at seven.

   In North America, land-based drilling advanced by three to 527. Offshore 
activity increased by one to 19. Inland waters rose by one to three. The Gulf 
of Mexico rig count also rose by one to 12.

   Canada's total rig count climbed by seven week-on-week to 191, with 
oil-directed rigs up by five to 126. Gas rigs fell by two to 65. Total rigs for 
Canada were three below last year's level of 194.

    




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