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Thursday, June 20, 2019
HomeNewsEconomyBaker Hughes Rig Count for North America Down 33 for Week Ending March 8

Baker Hughes Rig Count for North America Down 33 for Week Ending March 8

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 Rig Count for North America fell 33 rigs from 1249 to 1216 for the week ending March 8, 2019.

The U.S. rig count fell 11 to 1027, though still up 57 rigs from a year prior.

Rigs classified as drilling for oil fell by 9 rigs to 834, though are still 38 rigs higher than a year ago. Rigs classified as drilling for natural gas fell by 2 to 193, 5 rigs above one year ago.

The Canadian rig count fell 22 to 189, which is 84 lower than one year ago.

Rigs classified as drilling for oil fell by 22 rigs to 118, down 78 from a year ago. Those classified as drilling for natural gas fell by 2 to 193, which is 6 rigs lower than last year.

The Gulf of Mexico, while a subset of the U.S., is a separately counted component. It held steady at 22, up 9 rigs from one year ago.

The Baker Hughes Rig Count tracks weekly changes in the number of active rigs classified as drilling for either oil or gas. Active rigs are essential for the exploration and development of oil and gas fields.

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