Baker Hughes: North America Rig Count Up by 28 on Week


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- North American drilling activity jumped by 28 rigs 
this week, adding to last week's 94-rig climb, with the surge driven again by 
Canadian activity, Baker Hughes' latest rig count report released Friday (1/16) 
showed.

   The combined change in U.S. and Canadian rig counts left the total North 
American rig count at 769, versus the prior week's tally of 741. 
Year-over-year, North American rigs were lower by 40 from the 809 rigs 
operating during the same week last year.

   Canada's total rig count rose by 29 week-over-week to 226. By contrast, the 
U.S. rig count slipped by one to 543, slightly offsetting the broader North 
American surge.

   In the United States, land-based drilling activity fell by one rig to 524 
for the week. Activity offshore and in inland waters were both unchanged at 16 
and three, respectively.

   Year-over-year, U.S. rigs were lower by 37 from the 544 reported during the 
same week last year.

   U.S. rigs drilling for oil rose by one to 410. Those drilling for gas slid 
by two to 122. The miscellaneous rig count was flat at 11.

   By drilling type, horizontal and vertical rigs were both unchanged at 475 
and 12, respectively. Directional rigs slipped by one to 56.

    




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