Baker Hughes: Canadian rig count falls below 100

April 28, 2023
Canada’s drilling rig count fell 12 units, reaching 93 rigs working for the week ended Apr. 28, according to Baker Hughes data. The count is down 2 units from the 95 rigs working this time a year ago.

Canada’s drilling rig count fell 12 units, reaching 93 rigs working for the week ended Apr. 28, according to Baker Hughes data. The count is down 2 units from the 95 rigs working this time a year ago.

With 36 rigs drilling, oil-directed rigs are down 6 units this week. Gas-directed rigs in Canada were down 6 units to 57 rigs working.

The US rig count increased by 2 units this week for a total of 755 rigs running.

The number of rigs drilling on land increased by a single unit week-over-week to a total of 733. The number of rigs drilling in inland waters also increased by one rig to 2 units working this week. The number of rigs drilling offshore was unchanged at 20 as the Gulf of Mexico saw a 1-rig increase this week to 19.

US oil-directed rigs were unchanged from last week at 591 units. This time a year ago, 552 units were drilling for oil. Rigs targeting gas increased by 2 units to reach 161 rigs, which was 17 more than were drilling for gas at this time a year ago.

Among the major oil and gas-producing states, Oklahoma dropped the largest number of rigs. At 53 rigs running, the count is 3 fewer than the previous week.

North Dakota and Alaska each dropped a rig this week with respective counts of 39 and 9 working units.

Louisiana gained 3 rigs this week to reach 60 rigs working. New Mexico increased its rig count by 2 to reach 107. Pennsylvania and Ohio each gained a single rig to reach respective counts of 26 and 11.