The U.S. flag is displayed at Tesoro’s Los Angeles oil refinery in Los Angeles, California. (Photo: Reuters)
The Baker Hughes North American Rig Count is down 10 to 1,090 for the week ending November 3, as both the U.S. and Canada count declined yet again. Overall, the North American Rig Count is still up 367 on the year, far more than the 723 rigs in commission at this time last year.
The U.S. rig count was down 11 rigs to 898 and up 329 rigs from the 569 last year. The Canadian count was down 11 rigs to 191 and up 38 from last year.
For the U.S., rigs classified as drilling for oil was down 8 to 729, while rigs classified as gas are down 3 at 169. For Canada, oil rigs are up 4 to 100 and gas rigs are down 3 to 91.
Worth noting, Texas rigs were up 3 to 444 and Louisiana rigs were down 4 to 58. The Gulf of Mexico, which is a subset of the U.S. in the North American Rig Count, are down 2 at 18.
