Baker Hughes: Canada gains 14 rigs for the week ended July 12

July 16, 2024
Canada gained 14 rigs for the week ended July 12, according to Baker Hughes data.

Canada gained 14 rigs for the week ended July 12, according to Baker Hughes data. With 189 rigs running, the count is up 2 units from the 187 rigs drilling during the same week a year ago. The number of oil-directed rigs in Canada increased by 11, bringing the count to 126 rigs for the week. Gas-directed rigs were up 3 units to 63.

 The US drilling rig count, meanwhile, fell by 1 unit. With 584 rigs working, the count is down 91 units from the 675 rigs working this time a year ago.

On land, 561 rigs were working in the US, down a single rig from the last week and down 91 from this time last year. The number of offshore units was unchanged at 23. There were no rigs drilling in inland waters, unchanged from the week prior.

US oil-directed rigs dropped a single unit from the week prior to 478 units working, down from the 537 rigs drilling during the same period a year ago. Gas-directed rigs were down a single unit to 100, down 33 from the year-ago period.

Among the major oil and gas-producing states, Texas saw the largest decrease in rigs with a 2-unit drop to reach 276.

Only one state, Louisiana, saw a rig count increase. With 44 rigs running, the rig count in Louisiana was down a single unit from the prior week.