Baker Hughes: U.S. Rig Count Falls by 7


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- Drilling activity across North America fell again this 
week, with U.S. rig losses leading the decline, according to the latest data 
released Friday by Baker Hughes.

   The total number of rigs operating in the United States dropped by 7 to 547, 
the sharpest one week slide in over a month and 34 less than the same time last 
year. Across the continent, the North American rig total dipped by 6 to 687, 
continuing a downward trend that's left the count 70 rigs below year ago levels.

   Oil directed rigs in the U.S. fell by 6 to 432, while gas rigs slipped by 2 
to 109. The number of miscellaneous rigs rose by 1 to 6, the highest count so 
far this year.

   Land drilling accounted for the bulk of the decline, down 5 rigs to 533. 
Offshore activity fell by 2 to 12, while the Gulf of Mexico held steady at 10. 
Inland waters remained unchanged at 2 rigs.

   In Canada, drilling activity edged slightly higher with one rig added this 
week for a total of 140. Still, the count is down by 36 rigs compared to the 
same time in 2024.

   The total North American rig count now stands at 687, a level that is 70 
rigs lower than this same time last year.




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