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Thursday, October 29, 2020
HomeNewsEconomyBaker Hughes North America Rig Count Down 1 for Week Ending August 10

Baker Hughes North America Rig Count Down 1 for Week Ending August 10

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 ticked down 1 rig for the week ending August 10, as Canada offset gains in the United States. The U.S. rig count rose overall by 13, and the Canadian rig count fell by 14.

The U.S. rig count total is now 1,057, a gain of 108 from the previous year on August 11, 2017. At 209, the Canadian rig count is down 11 from last year.

Rigs classified as drilling for oil in Canada fell by 12 to 140, but are still 13 rigs higher than the previous year. Canadian rigs classified as gas fell by 2 to 69, and are now down 24 rigs from last year.

In the U.S., rigs classified as drilling for oil rose by 10 to 869, and are now 101 higher than last year. U.S. rigs classified as gas rose by 2 to 186 rigs, 5 gas rigs more than the previous year.

The Gulf of Mexico, which is separate from the North America Rig Count, rose by 2 rigs to 18 and is now 1 rig higher than it was a year ago.

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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