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Wednesday, October 23, 2019
HomeNewsBaker Hughes North America Rig Count Up 1 for July 26

Baker Hughes North America Rig Count Up 1 for July 26

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 (BHI) North America Rig Count gained from 1072 by 1 to 1073 for the week ending July 26. The U.S. rig count was down 8 from last week to 946 and down 102 from last year. Canada rose by 9 from 118 to 127 and remained down 96 from last year.

IndicatorJuly 19July 26
North America Rig Count10721073
U.S.954946
Gulf of Mexico2523
Canada118127

Rigs classified as drilling for oil and in operation fell by 3 in the U.S. to 776, which is 85 rigs less than the 861 one year ago. Rigs classified as drilling for gas declined by 5 to 169, and are still 17 fewer than the 186 one year ago.

Rigs in Canada classified as drilling for oil gained 2 to 85, which is 69 less than the 154 rigs in operation one year ago. Rigs classified as drilling for gas rose by 4 to 42, which is now 27 less than the 69 in operation one year ago.

The Gulf of Mexico, which is a subset of the U.S. total, fell by 2 to 23 rigs. That’s 8 more rigs than the 15 in operation one year ago.

The Baker Hughes North America Rig Count tracks changes in the number of active operating oil and gas rigs on a weekly basis. Active rigs are essential for exploration and development.

The United States and Canada are separate components, and a separate count for the Gulf of Mexico is given as a subset of the U.S. total. The count includes only rigs that are significant users of oilfield services and supplies.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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