Widget Image
Follow PPD Social Media
Sunday, November 24, 2024
HomeNewsEconomyBaker Hughes North American Rig Count Rebounds By 20 for Week Ending November 10

Baker Hughes North American Rig Count Rebounds By 20 for Week Ending November 10

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

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

The Baker Hughes North American Rig Count is up 20 to 1,110 for the week ending November 10, as both the U.S. and Canada counts increased for the first time in 6 weeks. Overall, the North American Rig Count is now up 366 on the year, far more than the 744 rigs in commission at this time last year.

The U.S. rig count was up 9 rigs to 907 and up 339 rigs from the 568 last year. The Canadian count was down 11 rigs to 192 and up 27 from 176 last year.

For the U.S., rigs classified as drilling for oil was up 9 to 738, while rigs classified as gas were flat at 169. For Canada, oil rigs are up 8 to 108 and gas rigs are up 4 to 95.

Worth noting, Texas rigs were down 2 to 442 and Louisiana rigs were flat at 58. The Gulf of Mexico, which is a subset of the U.S. in the North American Rig Count, was flat at 18.

Written by

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.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial