Baker Hughes: Canada drops 13 rigs for the week

Dec. 7, 2018
Canada lost 13 rigs for the week ended Dec. 7, according to Baker Hughes data. With 186 rigs running, the count is less than the 219 units drilling this week a year ago. The number of oil-directed rigs in Canada fell by 17, bringing the count to 102 rigs for the week. Gas-directed rigs were up 4 to 84 units.

Canada lost 13 rigs for the week ended Dec. 7, according to Baker Hughes data. With 186 rigs running, the count is less than the 219 units drilling this week a year ago. The number of oil-directed rigs in Canada fell by 17, bringing the count to 102 rigs for the week. Gas-directed rigs were up 4 to 84 units.

The US drilling rig count, meanwhile, is down 1 unit to 1,075 rigs working for the week. The count is up 144 units from the 931 rigs working this time a year ago.

At 1,050 rigs working, 1 unit fewer was drilling on land week-over-week. Offshore units remained unchanged at 23, as did the number of rigs drilling in inland waters, which remained at 2 rigs working for the week.

US oil-directed rigs dropped 10 units from last week to 877 units working but remained up from the 751 rigs drilling for oil this week a year ago. Gas-directed rigs were up 9 units at 198, and up from the 180 units drilling for gas a year ago.

Among the major oil and gas-producing states, New Mexico gained 2 units to reach 110 rigs working for the week. Five states saw a single-unit gain: Pennsylvania, 47; West Virginia, 12; Alaska, 7; Utah, 6; and Kansas, 1.

Four states were unchanged this week: North Dakota, 52; Colorado, 33; Wyoming, 30; and California, 15.

Oklahoma dropped 3 units to 142, while Texas and Ohio dropped 2 units each to reach 529 and 14, respectively. Louisiana dropped a single unit to 64 rigs running for the week.