Baker Hughes: Canada drops 14 rigs for the week

Jan. 3, 2020
Canada has 14 fewer rigs drilling for the week ended Jan. 3, according to Baker Hughes data. Despite the drop, at 85 running, the count is 9 more than the year-ago level.

Canada has 14 fewer rigs drilling for the week ended Jan. 3, according to Baker Hughes data. Despite the drop, at 85 running, the count is 9 more than the year-ago level. The number of oil-directed rigs in Canada decreased by 25, bringing the count to 27 rigs for the week. Gas-directed rigs were up 11 units to 58.

The US drilling rig count, meanwhile, fell 9 units to 796 rigs working for the week. The count is down 279 units from the 1,075 rigs working this time a year ago.

At 773 rigs working, 8 fewer units were drilling on land week-over-week. The number of offshore units fell by a single unit to 22 for the week. The number of rigs drilling in inland waters remained unchanged at 1 rig working for the week.

US oil-directed rigs dropped 7 units from last week to 670 units working, down from the 877 rigs drilling for oil this week a year ago. Gas-directed rigs were down 2 units to 123, and down from the 198 units drilling for gas a year ago.

Only one major oil and gas-producing state, Alaska, saw an increase in rigs this week. With a single-unit gain, the state had 8 units running for the week.

Eight states were unchanged this week: Louisiana, 58; North Dakota, 50; Colorado, 22; West Virginia, 16; California, 14; Ohio, 11; Utah, 4; and Kansas, 0.

Five states dropped one rig each this week, namely Texas, 403; New Mexico, 104; Oklahoma, 51; Wyoming, 25; and Pennsylvania, 24.