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Baker Hughes North American Rig Count Rises for Week Ending September 22

The U.S. flag is displayed at Tesoro’s Los Angeles oil refinery in Los Angeles, California. (Photo: Reuters)ro

The Baker Hughes North American Rig Count rose for the week ending September 22 as a slight decline in the United States (US) was offset by gains in Canada. For the last 2 weeks, the U.S. has reported more rigs than Canada being added, though both had been adding consistently this year.

The U.S. rig count is down by 1 for the week at 935, but is still up 424 rigs from last year at this time. U.S. rigs classified as drilling for oil were down by 5 to 744, while those classified as gas rigs were up 4 to 190.

The Canadian count is up 8 rigs ovrrall to 220 and is now up 82 rigs from last year. Canadian rigs classified as oil are up 10 to 122, while gas rigs are down by 2 to 98.

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PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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