Baker Hughes Posts Smaller US Rig Count Drop

The number of rotary drilling rigs operating in the United States fell to 251 this week, Baker Hughes Co. reported Friday.

The latest U.S. rig count represents a week-on-week decrease of two drilling units. It also reflects a smaller weekly decline compared to Baker Hughes’ figure for July 17, when the service company revealed the number of U.S. rigs had fallen by five.

The number of U.S. oil rigs rose by one this week to 181 units but the U.S. gas rig count decreased by three to 68 during the period, Baker Hughes noted. In addition, the firm stated the number of miscellaneous rigs remained unchanged at two.

Against the year-ago figure of 946, the U.S. rig count is down by 695 drilling units, Baker Hughes continued. It pointed out that oil rigs are down 595, gas rigs are down 101 and miscellaneous rigs are up by one.

Baker Hughes added the U.S. offshore rig count held steady at 12 this week – down by 13 year-on-year.

Canada gained 10 rigs this past week to hit 42 operating drilling units. Four of the new rigs are drilling for oil (10 total) while the remaining six are gas rigs (32 total), Baker Hughes noted. At this time in 2019, 85 more rigs (75 oil and 10 gas) were operating in Canada, the firm added.

To contact the author, email mveazey@rigzone.com.

Baker Hughes Posts Smaller US Rig Count Drop Baker Hughes Posts Smaller US Rig Count Drop Reviewed by Crude Oil Brokers on 21:26 Rating: 5

No comments:

Trending Oil Industry News

About Crude Oil Brokers Ltd

Crude Oil Brokers Ltd is a dedicated global crude oil buyer and seller brokering or facilitating company. We are a United Kingdom and Nigerian based firm, privately owned and devoted to the oil buying and selling brokering.

We have buyers and sellers of;

1. Nigerian Bonny Light Crude Oil, BLCO

2. D2 Diesel Fuel, JP54 Jet Fuel, Mazut etc.

3. Saudi Light Crude Oil, SLCO

4. Iraqi Light Crude Oil

If you are a buyer or seller of crude oil or other petroleum products or have mandate to buy or sell any of the above oil products, do contact us because we could be of help.

To contact Crude Oil Brokers, click here ». To learn more about Crude Oil Brokers Ltd, click here


Crude Oil Brokers

Powered by Blogger.