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Tuesday, November 12, 2019
HomeNewsEconomyBaker Hughes North America Rig Count Up 24 for the Week Ending June 15

Baker Hughes North America Rig Count Up 24 for the Week Ending June 15

Key with business words and rig equipment graphic icons relative to the oil and gas industry. (Photo: PPD/AdobeStock/JEGAS RA)
Key with business words and rig equipment graphic icons relative to the oil and gas industry. (Photo: PPD/AdobeStock/JEGAS RA)

Key with business words and rig equipment graphic icons relative to the oil and gas industry. (Photo: PPD/AdobeStock/JEGAS RA)

The Baker Hughes North America Rig Count rose by 24 rigs for the week ending June 15, fueled by a reversal from what was a sagging trend in Canada. The U.S. rig count fell overall by 3, but was easily offset by the Canadian rig count, which rose by 27.

Rigs classified as drilling for oil in Canada increased by 18 to 87 and those classified as gas added 9 to 52. In the U.S., rigs classified as drilling for oil gained 1 to 863, while those classified as gas declined by 4 from 198 to 194.

The Gulf of Mexico, which is separate from the North America Rig Count, held steady at 19.

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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