Baker Hughes: US rig count down 8 units to 822

Nov. 1, 2019
The US drilling rig count fell 8 units, reaching 822 rigs working for the week ended Nov. 1, according to Baker Hughes Co. data. The count is down 245 units from the 1,067 rigs working this time a year ago.

The US drilling rig count fell 8 units, reaching 822 rigs working for the week ended Nov. 1, according to Baker Hughes Co. data. The count is down 245 units from the 1,067 rigs working this time a year ago.

The number of rigs drilling on land dropped 8 units week-over-week to a total of 799 units. The number of rigs drilling in inland waters was down 1 unit, leaving a single rig drilling for the week. The number of rigs drilling offshore increased by a single unit to 22.

US oil-directed rigs decreased by 5 from last week to reach 691 units. This time a year ago, 874 units were drilling for oil. Rigs targeting gas decreased by 3 units to reach 130 rigs, which was 63 fewer than were drilling for gas at this time a year ago.

Among the major oil and gas-producing states and for the second straight week, Oklahoma dropped the largest number of rigs. At 51 rigs running, the count is 3 fewer than the previous week.

Texas, New Mexico, and Pennsylvania each dropped 3 units to reach 416, 108, and 25 rigs running, respectively.

Colorado, 24, and Alaska, 7, each dropped a single unit this week.

Five states remained unchanged this week, namely North Dakota, 52; Wyoming, 32; West Virginia, 15; California, 14; and Ohio, 11.

With an increase of 2 rigs each, Louisiana, 56, and Utah, 5, were the only states showing rig additions week over week.

Canada’s rig count decreased by 5 units for the week. At 142 rigs, the count is 56 fewer than the 198 units drilling this week a year ago. With 93 rigs drilling, Canada’s oil-directed rigs dropped 9 units this week. Gas-directed rigs in Canada increased by 4 units to reach 49.