Baker Hughes: US, Canada weekly rig counts up

[Black Blade + 16]

Baker Hughes: US, Canada weekly rig counts up

The US drilling rig count is up 1 unit to 1,082 rigs working for the week ended Nov. 16, according to Baker Hughes data. The count is up 167 units from the 915 rigs working this time a year ago. At 1,058 rigs working, an additional unit was drilling on land week-over-week. Offshore units also were up by 1 to reach 22 rigs working, while those drilling in inland waters dropped a single unit to 2 rigs working for the week. US oil-directed rigs were up 2 units from last week to 888 units working, and up from the 738 rigs drilling for oil this week a year ago. Gas-directed rigs were down a single unit at 194, and up from the 177 units drilling for gas a year ago.

https://www.ogj.com/articles/2018/11/baker-hughes-us-canada-weekly-rig-counts-up.html

 

Black Blade: Prices falling and inventories building. Meanwhile, rig counts rise.