USA Ramps Up Rig Count  | Rigzone

The United States increased its rig count by nine weeks over a week, according to Baker Hughes’ latest rotary rig count, released July 29.

Eight of the nine additions were onshore platforms and one was an offshore platform, according to the count. The additions bring the total number of U.S. rigs to 767, comprising 746 land rigs, 17 offshore rigs and four riverine rigs, according to Baker Hughes. Of the total US rigs of 767, 605 of them are classified as oil rigs, 157 are classified as gas rigs, and five are classified as miscellaneous rigs.

Canada also increased its rig count week-on-week by nine, bringing its total rig count to 204, according to Baker Hughes’ latest count. Canada’s 204 rigs include 137 oil rigs and 67 gas rigs, according to Baker Hughes, who pointed out that the total number of rigs in North America now stands at 971.

The number of rigs in North America increased by 330 rigs from the previous year’s figures, with 279 rigs from the United States and 51 from Canada, the latest rig count highlighted. -forms of Baker Hughes. Year-over-year, the United States was shown to add 220 oil rigs, 54 gas rigs and five miscellaneous rigs, while Canada added 44 oil rigs and eight gas rigs and abandoned one miscellaneous rig.

Baker Hughes, who has published rotary rig counts for the oil industry since 1944, describes the figures as an important business barometer for the drilling industry and its suppliers. The company obtains its work rig location information in part from Enverus, which produces daily rig counts using GPS tracking units.

To contact the author, send an e-mail andreas.exarheas@rigzone.com

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