Baker Hughes: Weekly North America Rig Count Up by 2


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- North American energy drilling activity increased by 
two rigs this week, according to Baker Hughes' weekly rigs report released 
Friday (5/8).

   The regional rig count stood at 672 in the week to May 8, compared to 670 in 
the week prior. Rigs for Canada and the U.S. combined were also lower than the 
692 actively deployed in the same week last year.

   This week's rig changes were driven by gains in both Canada and the United 
States, which each saw an increase of one rig. Canada's count rose to 124, 
above the 114 seen during the same time last year. The U.S. rig count reached 
548, though it remained below the year-ago level of 578.

   In the United States, oil rigs alone increased by two to 410. Conversely, 
the gas rig count fell by one to 129, and miscellaneous rigs remained unchanged 
at nine.

   By trajectory, directional and vertical rigs in the U.S. were unchanged at 
50 and 12, respectively. Horizontal rigs rose by one to 481.




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