Widget Image
Follow PPD Social Media
Connect With PPD
Friday, October 18, 2019
HomeNewsEconomyBaker Hughes North American Rig Count Down 5 for Week Ending October 13

Baker Hughes North American Rig Count Down 5 for Week Ending October 13

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 North American Rig Count is down 5 to 1,140 for the week ending October 13, as the U.S. declined and Canada gained slightly. Overall, the North American Rig Count is up 436 on the year, still far more than the 704 rigs in commission at this time last year.

The U.S. rig count was down 8 rigs to 928 and up 389 rigs from last year. The Canadian count was up 3 rigs to 212 and up 47 rigs from last year.

For the U.S., rigs classified as drilling for oil was down 5 to 743, while rigs classified as gas are down 2 at 185. For Canada, oil rigs were flat at 112 and gas rigs are up 3 to 100.

Worth noting, the rig count in states impacted by Hurricane Harvey decreased, contrary to forecasts. Texas rigs were down 4 to 444 and Louisiana rigs were up 1 to 67. The Gulf of Mexico, which is not included in the North American Rig Count, was down 2 to 20.

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.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.