Baker Hughes: Weekly North America Rig Count Down by 33


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- North American energy drilling activity tumbled by 33 
rigs this week, adding to the prior week's 21-rig decline, according to Baker 
Hughes' weekly report released Friday (3/27).

   The report shows the regional rig count at 696 in the current week, compared 
to 729 recorded the previous week.

   Rigs for Canada and the U.S. combined were lower than the 755 actively 
deployed in the same week of last year.

   As with recent trends, this week's change was largely driven by Canada, 
where rigs fell by 24 to reach 153.

   The balance nine rigs in deficit came from the U.S., where the count fell 
this week to 543 from a prior 552. A year ago, U.S. rigs stood at 592.

   This week in the U.S., rigs in inland waters were unchanged at two, while 
offshore rigs dipped by one to 11. Rigs on land fell by eight to 530.

   By trajectory, directional rigs in the U.S. slid by six to 47. Horizontal 
rigs fell by five to 482 while vertical rigs rose by two to stand at 12.




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