US drilling declines from latest high

June 10, 2005
US drilling activity dipped this week, falling away from the highest level so far this year by 14 units with 1,339 rotary rigs still working, Baker Hughes Inc. reported June 10.

By OGJ editors

HOUSTON, June 10 -- US drilling activity dipped this week, falling away from the highest level so far this year by 14 units with 1,339 rotary rigs still working, Baker Hughes Inc. reported June 10.

That compares with 1,187 rotary rigs working during the same period a year ago. The previous week's US rig count was also the highest weekly total since late February 1986.

Land drilling dropped by 9 rigs to 1,222 still working. US offshore operations were down by 4 rigs to 94, including a drop of 2 to 92 in the Gulf of Mexico. Even activity in inland waters dipped by 1 unit to 23.

Canada's weekly rig count fell by 56 units to 319 rotary rigs working, up from 273 a year ago.