Baker Hughes: Weekly North America Rig Count Up by 3


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- North American energy drilling activity increased by 
three rigs this week, according to Baker Hughes' weekly rigs report released 
Friday (5/15). The regional rig count stood at 675 in the week to May 15, 
compared to 672 in the week prior.

   Rigs for Canada and the U.S. combined were also lower than the 697 actively 
deployed in the same week last year. This week's rig changes were driven 
entirely by gains in the United States, which saw an increase of three rigs.

   Canada's count remained unchanged at 124, which is slightly above the 121 
seen during the same time last year. The U.S. rig count reached 551, though it 
remained below the year-ago level of 576.

   In the United States, oil rigs alone increased by five to 415. Conversely, 
the gas rig count fell by one to 128, and miscellaneous rigs dipped by one to 
eight.

   By trajectory, horizontal rigs rose by three to 484, while directional rigs 
increased by two to 52. Vertical rigs fell by two to 10.




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