Baker Hughes North America Rig Count Down 3 for July 19

The Baker Hughes (BHI) North America Rig Count was down by 3 for the week ending July 19. The U.S. rig count was down 4 from last week to 954 and down 92 from last year. Canada rose by 1 and remained down 93 from last year.

Rigs classified as drilling for oil and in operation fell by 5 in the U.S. to 779, which is 79 rigs less than the 858 one year ago. Rigs classified as drilling for gas declined by 2 to 174, and are still 13 fewer than the 187 one year ago.

Rigs in Canada classified as drilling for oil fell 2 to 83, which is 59 less than the 142 rigs in operation one year ago. Rigs classified as drilling for gas rose by 3 to 35, which is now 34 less than the 69 in operation one year ago.

The Gulf of Mexico, which is a subset of the U.S. total, fell by 1 to 25 rigs. That’s 8 more rigs than the 17 in operation one year ago.

The Baker Hughes North America Rig Count tracks changes in the number of active operating oil and gas rigs on a weekly basis. Active rigs are essential for exploration and development.

The United States and Canada are separate components, and a separate count for the Gulf of Mexico is given as a subset of the U.S. total. The count includes only rigs that are significant users of oilfield services and supplies.