Thursday, November 23, 2017
HomeNewsEconomyBaker Hughes North American Rig Count Rebounds By 20 for Week Ending November 10

Baker Hughes North American Rig Count Rebounds By 20 for Week Ending November 10

The U.S. flag is displayed at Tesoro's Los Angeles oil refinery in Los Angeles, California. (Photo: Reuters)

U.S. Rig Count Adds 9, Canada Rig Count Adds 11 After Falling for 6 Weeks

The U.S. flag is displayed at Tesoro's Los Angeles oil refinery in Los Angeles, California. (Photo: Reuters)

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 up 20 to 1,110 for the week ending November 10, as both the U.S. and Canada counts increased for the first time in 6 weeks. Overall, the North American Rig Count is now up 366 on the year, far more than the 744 rigs in commission at this time last year.

The U.S. rig count was up 9 rigs to 907 and up 339 rigs from the 568 last year. The Canadian count was down 11 rigs to 192 and up 27 from 176 last year.

For the U.S., rigs classified as drilling for oil was up 9 to 738, while rigs classified as gas were flat at 169. For Canada, oil rigs are up 8 to 108 and gas rigs are up 4 to 95.

Worth noting, Texas rigs were down 2 to 442 and Louisiana rigs were flat at 58. The Gulf of Mexico, which is a subset of the U.S. in the North American Rig Count, was flat at 18.

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.

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