Widget Image
Follow PPD Social Media
Connect With PPD
Friday, November 22, 2019
HomeNewsEconomyBaker Hughes North America Rig Count Up 7 for the Week Ending June 22

Baker Hughes North America Rig Count Up 7 for the Week Ending June 22

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 7 rigs for the week ending June 22, again fueled by a recovery from recent declines in Canada. The U.S. rig count fell overall by 5, but was easily offset by the Canadian rig count, which rose by 12.

14 at 117

Rigs classified as drilling for oil in Canada increased by 14 to 117 and those classified as gas fell 2 to 55. In the U.S., rigs classified as drilling for oil fell by 4 to 858, while those classified as gas declined by 1 from 187.

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

No comments

leave a comment

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