Canada Tops the Baker Hughes Rig Count, Adding 25 Rigs

BakerHughes2

The number Canadian rigs surged dramatically while the U.S. rig count fell by two this week, according to the Baker Hughes rig count released on Friday.

Canada garnered the most activity this week, adding 25 rigs for a total of 146. Canada is down 50 rigs when compared with data from a year ago.

The U.S. rig count deceased by two to reach 468 active rigs. Overall, the U.S. is down 375 rigs from last year’s figures.

Oklahoma remained unchanged from last week’s count of 62. Overall, Oklahoma’s rig count is down 43 rigs from last year’s count of 105.

Pennsylvania added 2 rigs last week, bringing the cumulative number of active rigs to 19. Wyoming is up by one rig since last week.

Colorado, Louisiana, Texas, West Virginia and Ohio lost one rig each for the week.

The Permian basin saw an increase of three rigs for a current total of 199, but is still down by 56 compared to last year’s rig count.

The Marcellus area increased rig counts by one last week.

The DJ-Niobrara play saw a decrease of two rigs for the week.

The Eagle Ford, Barnett and Utica plays saw a loss of one rig each.

 

%d bloggers like this: