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HomeNewsEconomyBaker-Hughes Rig Count (8/11/17) Falls for Only Third Time in 15 Weeks

Baker-Hughes Rig Count (8/11/17) Falls for Only Third Time in 15 Weeks

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 fell 2 rigs in the week ending August 11 to 1,169, which is only the third decline in the last 15 weeks.

The U.S. count, down 5 rigs to 949, is still up nearly double (468 rigs) from last year. Rigs classified as drilling for oil are up 3 to 768 and gas rigs are down by 8 to 181. Gas rigs are up 83 from the prior year.

The Canadian rig count was up by 3 to 220, and is now up 94 rigs from last year. Rigs classified as oil are up 3 to 121 and gas rigs are unchanged at 93.

The North American rig count is released weekly at noon central time on the last day of the work week.

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