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.
|Indicator||July 19||July 26|
|North America Rig Count||1072||1073|
|Gulf of Mexico||25||23|
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.