• Natural Gas News

    US rig count improves despite Ida: Baker Hughes

Summary

US rig activity increased by six from the previous week.

by: Daniel Graeber

Posted in:

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

US rig count improves despite Ida: Baker Hughes

The Baker Hughes rig count for September 10 showed lower reducing drilling activity in Canada dragged the North American rig count lower.

Using data from Enverus, the weekly report showed 503 active rigs in the US, an increase of six, while the count in Canada fell by nine, to 143. The gains came despite much of the production and refinery capacity along the US Gulf Coast remained idle in the wake of Hurricane Ida, which made landfall in Louisiana on August 29 as a category 4 storm.

The US offshore rig count increased four to reach six during the week, but that level is down by nine from year-ago levels.

Onshore in the Lower 48, an increase of four active rigs in the Permian was offset by reduced counts across Oklahoma's Woodford basin, in the Eagle Ford of Texas and in the Marcellus shale area of the Appalachian basin.

Of the 503 active rigs in the United States, nearly 80% were working in oil and the rest were in natural gas.

In Canada, Alberta saw a decline of seven rigs from the previous week, while Saskatchewan lost two. About 60% of the upstream work is focused on oil in Canada, with the rest in natural gas.

There were 646 actives rigs in North America during the reporting period, three less than last week and the third consecutive week of declines. For the similar week in 2019, to discount the impact of the pandemic on the energy sector, the North American rig count was 1,020.