Baker Hughes: North America Rig Count Down 17 on Week


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- North American drilling activity fell substantially 
this week, with a net drop of 17 rigs across the U.S. and Canada that canceled 
out the prior week's 12-rig gain, Baker Hughes' weekly rigs report released on 
Wednesday (11/21) showed.

   With the adjustment, U.S. and Canadian rigs as a total stood at 732 this 
week, versus the prior week's 749, showed the report that ran ahead of its 
usual Friday schedule due to Thursday's U.S. Thanksgiving holiday.

   Total rigs operating in the United States fell by 10 this week to 544. Even 
so, the total rig count was 38 below where it stood last year, according to the 
same data.

   Also in the U.S., oil-directed rigs fell by 12 to 407 week-on-week. Gas rigs 
rose by three to 130. Miscellaneous rigs dipped by one to seven.

   In North America, land-based drilling decreased by nine to 524. Offshore 
activity shed one rig to 18 while that for inland waters was unchanged with two 
rigs. The Gulf of Mexico rig count fell by one to 11.

   Canada's total rig count slipped by seven to 188, with oil-directed rigs 
also down seven at 121. Gas rigs were unchanged at 64. Total rigs for Canada 
were 17 below last year's level.




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