Baker Hughes: North America Rig Count Down by 2 W-o-W


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- North American drilling activity increased as of 
today, with rigs added in both the U.S. and Canada, according to Baker Hughes 
data released Friday (10/10).

   The total number of rigs operating in the United States fell by two to 547, 
and down by 39 from the same week last year.

   Oil-directed rigs fell by four to 418, while gas rigs rose by two to 120 
week-over-week. Miscellaneous rigs were unchanged at nine.

   Land-based drilling declined by two rigs to reach 529 as of today. Offshore 
activity was unchanged at 15, and inland waters at three rigs were steady as 
well during the same period. The Gulf of Mexico rig count was flat too, at 10.

   Canada's total rig count increased by three to 193, with oil-directed rigs 
flat at 129 and gas rigs rising by three to 63. Despite the gain. The total for 
that region remained 26 rigs below last year's levels.




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