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Monday, October 14, 2024
HomeNewsEconomyBaker Hughes North America Rig Count Down 3 for July 19

Baker Hughes North America Rig Count Down 3 for July 19

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 was down by 3 for the week ending July 19. The U.S. rig count was down 4 from last week to 954 and down 92 from last year. Canada rose by 1 and remained down 93 from last year.

Rigs classified as drilling for oil and in operation fell by 5 in the U.S. to 779, which is 79 rigs less than the 858 one year ago. Rigs classified as drilling for gas declined by 2 to 174, and are still 13 fewer than the 187 one year ago.

IndicatorJuly 12July 19
North America Rig Count1075 1072 
U.S.958 954 
Gulf of Mexico26 25 
Canada117 118 

Rigs in Canada classified as drilling for oil fell 2 to 83, which is 59 less than the 142 rigs in operation one year ago. Rigs classified as drilling for gas rose by 3 to 35, which is now 34 less than the 69 in operation one year ago.

The Gulf of Mexico, which is a subset of the U.S. total, fell by 1 to 25 rigs. That’s 8 more rigs than the 17 in operation one year ago.


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

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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