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 13 to 1,123 for the week ending November 17, as both the U.S. and Canada counts increased for the second time in 2 weeks. Overall, the North American Rig Count is now up 351 on the year, far more than the 772 rigs in commission at this time last year.
The U.S. rig count was up 8 rigs to 915 and up 327 rigs from the 588 last year. The Canadian count was up 5 rigs to 208 and up 24 from 184 last year.
For the U.S., rigs classified as drilling for oil was flat at 738, while rigs classified as gas were up 9 177. For Canada, oil rigs are up 1 to 109 and gas rigs are up 4 to 99.
Worth noting, Texas rigs were up 7 to 449 and Louisiana rigs were up 4 to 62. The Gulf of Mexico, which is a subset of the U.S. in the North American Rig Count, was up 3 to 21.
