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Friday, October 18, 2019
HomeNewsEconomyBaker-Hughes Rig Count (7/28/17) Continues to Climb Higher

Baker-Hughes Rig Count (7/28/17) Continues to Climb Higher

An offshore oil platform is seen in Huntington Beach, California September 28, 2014. (Photo: Reuters)
An offshore oil platform is seen in Huntington Beach, California September 28, 2014. (Photo: Reuters)

An offshore oil platform is seen in Huntington Beach, California September 28, 2014. (Photo: Reuters)

The Baker-Hughes Rig Count for North America is up 22 rigs to 1,178 for the week ending July 28, continuing to climb higher for 12 of 13 weeks.

The U.S. count, up 8 rigs to 958, also continued on its upward trajectory after a rare decline last week. It is now up nearly double (495 rigs) from last year at this time. Rigs classified as drilling for oil are up 2 to 766 and gas rigs are up 6 to 192.

The Canadian rig count led the way up 14 rigs to 220, and is now up 101 rigs from last year. Oil rigs classified are up 11 to 129 and gas rigs are up 3 to 91.

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