The Baker Hughes (BHI) North America Rig Count increased by 9 rigs for the week ending June 7, as gains in Canada offset losses in the United States.
Rigs classified as drilling for oil fell by 11 in the U.S. to 789, which is 73 rigs in operation less than one year ago. Rigs classified as drilling for gas rose by 2 to 186, though are still 12 fewer than one year ago.
Rigs in Canada classified as drilling for oil rose 15 to 59, which is 100 less than the 69 in operation one year ago. Rigs classified as drilling for gas rose by 3 to 44, which is now 1 more than in operation one year ago.
The Gulf of Mexico, which is a subset of the U.S. total, was flat at 23 rigs.
|Baker Hughes Rig Count||Prior||June 7|
|Gulf of Mexico||23||23|
The Baker Hughes North America Rig Count tracks changes in the number of active operating oil and gas rigs on a weekly basis. Active rigs are essential for exploration and development.
The United States and Canada are separate components, and a separate count for the Gulf of Mexico is given as a subset of the U.S. total. The count includes only rigs that are significant users of oilfield services and supplies.