US drilling dips; Canada increases

Feb. 25, 2008
US drilling activity dipped lower during the week ending Feb. 22 with 1,771 rotary rigs working, said Baker Hughes Inc.

By OGJ editors
HOUSTON, Feb. 25 -- US drilling activity dipped lower during the week ending Feb. 22 with 1,771 rotary rigs working, 2 less than a week prior but up from 1,754 during the same period a year ago, said Baker Hughes Inc.

Land activity accounted for the loss, down 3 rigs to 1,694 units drilling. Inland water activity increased by 1 rig to 22 making hole. Offshore was unchanged at 55 rigs drilling, including 54 in the Gulf of Mexico.

In spite of the low net loss nationwide, Texas' weekly rig count fell by 9 to 866 drilling. Colorado was down 6 to 112. New Mexico declined by 2 rigs to 65. However, that was partly offset in Oklahoma where the rig count increased by 6 units to 201. Alaska was up 2 to 11, while Wyoming and California gained 1 rig each to respective counts of 74 and 33. Louisiana was unchanged with 144 rigs working.

Canada's rig count climbed by 15 to 647, surpassing the count a year ago of 603.