US drilling rebounds to highest level this year

May 14, 2004
US drilling activity rebounded with the biggest weekly rig count so far this year and the largest number of rotary rigs working in more than 2 ½ years.

By OGJ editors

HOUSTON, May 14 -- US drilling activity rebounded with the biggest weekly rig count so far this year and the largest number of rotary rigs working in more than 2 ½ years.

There were 1,162 rotary rigs working this week in the US and its waters, 9 more than the previous week and up from 1,040 during the same period a year ago, said Baker Hughes Inc. officials Friday. That gain was primarily on the land side, up by 11 rigs to 1,043 units this week. Inland waters activity also increased by 1 unit to 24. Offshore operations were down by 3 rigs to 93 in the Gulf of Mexico and 95 in US waters as a whole.

Canada's rig count declined by 18 to 167, up from 99 last year at this time.