Baker Hughes: Canada drops 24 rigs week over week

March 19, 2021
Canada dropped 24 rigs for the week ended Mar. 19, according to Baker Hughes data. With 92 rigs running, the count is 6 fewer than the 98 units drilling this week a year ago.

Canada dropped 24 rigs for the week ended Mar. 19, according to Baker Hughes data. With 92 rigs running, the count is 6 fewer than the 98 units drilling this week a year ago. The number of oil-directed rigs in Canada fell by 17, bringing the count to 41 rigs for the week. Gas-directed rigs were down 7 to 51 units.

In the US, 411 rigs were working for the week, up 9 from a week ago. The count is down 361 units from the 772 rigs working this time a year ago.

At 398 rigs working, the number of rigs drilling on land is 9 more than the week prior. Offshore units were unchanged at 13 for the week. The number of rigs drilling in inland waters was unchanged at 0.

US oil-directed rigs increased by 9 units from last week to 318 units working. The count is down 346 rigs from a year ago. Gas-directed rigs remained unchanged at 92, and down from the 106 units drilling for gas a year ago.

Among the major oil and gas-producing states, New Mexico saw the largest increase in rigs for the week. With 67 rigs running, the count is up 7 from a week ago. Louisiana saw a 2-unit increase to 47. With a 1-unit increase, North Dakota’s rig count is 13 for the week.

Nine states were unchanged this week: Pennsylvania, 18; Oklahoma, 16; West Virginia, 12; Ohio, 9; Colorado, 8; California, 7; Wyoming, 5; Alaska, 3; and Utah, 3.

Texas dropped 1 unit to reach 202 rigs running for the week.