Widget Image
Follow PPD Social Media
Connect With PPD
Thursday, September 19, 2019
HomeNewsEconomyBaker Hughes North America Rig Count Down 5 for August 9

Baker Hughes North America Rig Count Down 5 for August 9

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 fell by 5 from 1079 to 1074 for the week ending August 8. The U.S. rig count was down 8 from last week to 934 and down 123 from one year ago. Canada rose by 9 from 118 to 127 and remained down 69 from one year ago.

IndicatorAugust 2August 9
North American Rig Count1079 1074 
United States (U.S.)942 934 
Gulf of Mexico22 23 
Canada137 140

Rigs classified as drilling for oil and in operation fell by 6 in the U.S. to 764, which is 105 rigs less than the 869 one year ago. Rigs classified as drilling for gas declined by 2 to 169, and are still 17 fewer than the 186 one year ago.

Rigs classified as drilling for oil in Canada gained 3 to 94, which is 46 less than the 140 in operation one year ago. Rigs classified as drilling for gas were flat at 46, which is now 23 less than the 69 in operation one year ago.

The Gulf of Mexico, which is a subset of the U.S. total, rose by 1 to 23 rigs. That’s 5 more rigs than the 18 in operation one year ago.

About the North America Rig Count

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.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.