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    Baker Hughes: North American rig count up by nine

Summary

Upstream activity related to oil drove the weekly US and Canadian gains.

by: Daniel Graeber

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Complimentary, Natural Gas & LNG News, Americas, Corporate, Exploration & Production, News By Country, Canada, United States

Baker Hughes: North American rig count up by nine

Baker Hughes reported May 14 that the North American rig count increased by nine from last week, driven by gains in upstream oil activity.

Baker Hughes reported 512 rigs in service in the region for the week ending May 14. The US rig count improved by five. Canada’s increased by four, suggesting seasonal work slowdowns have subsided.

The increase in the US rig count, which included one “miscellaneous” rig, was driven largely by activity in oil. By type, 77.7% of all the US upstream activity was in oil, with all-but the tiniest fraction of the rest in natural gas.

The Permian basin in Texas and the Williston shale, extending across Montana, North Dakota and South Dakota, and Oklahoma's Cana Woodford accounted for the most gains in upstream activity in oil.

For natural gas, upstream activity declined with the loss of one rig in Haynesville, among the largest gas producing basins in the nation.

Offshore work in the US waters of the Gulf of Mexico increased by two from last week, with all of that in oil.

Canadian rig activity increased the most in Saskatchewan, which increased its rig count by three to eight. Alberta’s rig count climbed by one to reach 39.

The offshore rig count in Canada remained steady, with one rig in service off the coast of Newfoundland.

Canada saw rig activity increase in both oil and gas basins. Baker Hughes, which uses data from Enverus, reported gas work accounted for 57.6% of the total Canadian rig count, with oil accounting for the rest.

Baker Hughes does not break down oil and gas work at the provincial level in Canada.