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Friday, October 18, 2019
HomeNewsCanada Offsets U.S. Gains in Baker Hughes North American Rig Count

Canada Offsets U.S. Gains in Baker Hughes North American Rig Count

Key with business words and rig equipment graphic icons relative to the oil and gas industry. (Photo: PPD/AdobeStock/JEGAS RA)
Key with business words and rig equipment graphic icons relative to the oil and gas industry. (Photo: PPD/AdobeStock/JEGAS RA)
Key with business words and rig equipment graphic icons relative to the oil and gas industry. (Photo: PPD/AdobeStock/JEGAS RA)

The Baker Hughes North American Rig Count for February 15 was down 14 rigs from 1289 to 1275, as declines for Canada offset U.S. gains.

The U.S. rig count was up 2 rigs to 1051, a gain of 76 from one year ago. Rigs classified as drilling for oil rose 3 to 857 rigs, while those classified as drilling for natural gas fell by 1 rig to 194.

But the Canadian rig count fell by 16 rigs to 224, down 94 rigs from one year ago. Rigs classified as drilling for oil fell by 6 rigs to 152, while those classified as drilling for natural gas fell by 10 to 72.

The Baker Hughes North American Rig Count tracks the weekly change in the number of rigs classified as drilling for oil and gas. Components in the data are the United States (U.S.) and Canada, with a separate count for the Gulf of Mexico, a subset of the U.S. total.

The Gulf of Mexico saw their rig count increase by 2 rigs to 21.

Written by
Staff Writing Group

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