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    Canada drags North American rig count lower: Baker Hughes

Summary

The total North American rig count declined by five compared with the week ending August 13.

by: Daniel Graeber

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

Canada drags North American rig count lower: Baker Hughes

Baker Hughes reported August 20 a reduction in the number of active rigs in North America, largely reflecting a decline in the active count in Canada.

Using data from Enverus, Baker Hughes put the North American rig count at 659 for the week ended August 20, a net decline of five from the previous week. In the US, the total rig count improved by three, to 503, while the count in Canada fell by eight, to 156. Both countries posted gains during the previous week.

In Canada, Alberta activity fell to 104 from 109, while Saskatchewan saw a decline of two and a previously-active offshore rig was changed to inactive. 

In the US, oil rigs increased by eight, while gas rigs declined by five. Gains and losses across the shale basins in the Lower 48 US states were split more or less evenly, with no single reservoir standing out among the others.

The Permian shale, situated largely in Texas and the most prolific oil producer, gained two oil rigs from last week. A major natural gas producer, Haynesville, which sits mostly in neighbouring Louisiana, lost one gas rig.

Total North American rig counts are up from 2020, but remain well below pre-pandemic levels. The total North American rig count during the similar week in August 2019 was 1,055.