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Friday, August 23, 2019
HomeNewsEconomyBaker Hughes North America Rig Count Down 2 for June 14

Baker Hughes North America Rig Count Down 2 for June 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 (BHI) North America Rig Count decreased by 2 rigs for the week ending June 14, as gains in Canada were marginally offset by losses in the United States.

Rigs classified as drilling for oil and in operation fell by 1 in the U.S. to 788, which is 75 rigs less than one year ago. Rigs classified as drilling for gas declined by 5 to 181, and are still 13 fewer than one year ago.

Rigs in Canada classified as drilling for oil rose 10 to 69, which is 18 less than the 87 rigs in operation one year ago. Rigs classified as drilling for gas fell by 6 to 38, which is now 14 less than the 52 in operation one year ago.

The Gulf of Mexico, which is a subset of the U.S. total, was up by 1 rig in operation to 24 rigs.

Baker Hughes Rig CountJune 7June 14
North America10781076
U.S.975 969
Gulf of Mexico2324
Canada103107

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.

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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