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Wednesday, November 20, 2019
HomeNewsEconomyBaker Hughes North American Rig Count Up 29 for September 14

Baker Hughes North American Rig Count Up 29 for September 14

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 American Rig Count is up 29 rigs to 1,281 for the week ending September 14.

The U.S. rig count is up 7 from last week to a total 1,055 rigs. That’s up 119 rigs from the same time last year. Rigs in the U.S. classified as drilling for oil were up 7 to a total 867, while those classified as gas were flat at 186.

Miscellaneous rigs were unchanged at 2.

The Canadian was up 22 from last week to a total 226 rigs. That’s up 12 rigs from last time this year. The Canadian count has weighted down the North American Rig Count gain from 2017, particularly among rigs classified as drilling for oil.

But not this week.

Rigs in the Canadian count classified as drilling for oil were up 15 to a total 148 and gas rigs were up 7 to a total 78.

Meanwhile, the separate count for the Gulf of Mexico was up 1 to a total 18, also up 1 from last year.

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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