Baker Hughes: Canada gains 2 oil rigs for the week

Oct. 28, 2022
Canada has added 2 rigs for the week ended Oct. 28, according to Baker Hughes data. The increase puts the total number of rigs running in Canada at 212, 46 more than the 166 units drilling this week a year ago.

Canada has added 2 rigs for the week ended Oct. 28, according to Baker Hughes data. The increase puts the total number of rigs running in Canada at 212, 46 more than the 166 units drilling this week a year ago.

Gas-directed rigs in Canada increased by 1 to a total of 67. Oil-directed rigs were up 1 to 145 for the week.

The US drilling rig count fell by 3 units to 768 rigs working during the week. There were 544 rigs running this week a year ago.

The decrease in rigs was spread across land, inland water, and offshore, with a single unit decrease in each area. The US land rig count ended the week at 752, while inland water drilling rigs ended the week with 2 rigs. Fourteen rigs were drilling offshore.

Two fewer rigs were drilling for oil, bringing the total US oil-directed rig count to 610 for the week. The gas-directed rig count was down a single rig to 156.

Horizontal drilling rigs were down 5 units to 703. Directional drilling rigs increased 2 units to reach 43.

Texas saw the largest decrease of the major oil and gas-producing states, dropping 3 units to reach a total of 368. Louisiana and North Dakota dropped 2 rigs each to reach respective counts of 60 and 36 rigs working this week.

New Mexico, Oklahoma and Alaska, with single-unit increases, ended the week with 106, 66, and 10 rigs running, respectively.