Baker Hughes Reveals 67 Additional Rigs

The number of rotary drilling rigs operating in the United States and Canada rose by 67 this week, Baker Hughes Co. (NYSE: BKR) reported Friday.

The latest 360-rig U.S. count represents a week-on-week jump of nine units. The number of U.S. oil rigs grew by eight this week to 275 units. The U.S. gas rig figure finished the week at 84, reflecting a one-rig gain, Baker Hughes noted. In addition, the firm stated the number of miscellaneous rigs remained flat at one.

Against the year-ago figure of 781, the U.S. rig count is down 421 drilling units for the period, Baker Hughes continued. It pointed out that oil rigs are down 384, gas rigs are down 35 and miscellaneous rigs are down two.

Baker Hughes added the U.S. offshore rig count remains unchanged at 17 this week – but down from 21 last year at this time.

Canada gained 58 net rigs this past week, bringing the country’s operating drilling unit count to 117. The country’s latest tally comprises 53 oil rigs (up 35 week-on-week) and 64 gas rigs (up 23), Baker Hughes noted. At this time in 2020, 203 rigs (120 oil and 83 gas) were operating in Canada, the firm added.

Baker Hughes obtains its working rig location information in part from Enverus, which produces daily rig counts using GPS tracking units.

Credit to www.rigzone.com