Baker Hughes: North America Rig Count Rose by 3 Last week


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- North American drilling activity rose this week, with 
a net three rigs added across the U.S. and Canada to reach 749, according to 
Baker Hughes data released Friday (10/24).

   Total rigs operating in the United States rose by two to 550, while staying 
35 below from the same week last year.

   In the U.S., oil-directed rigs were up two at 420, while gas rigs saw no 
change at 121 week-over-week. Miscellaneous rigs were also flat, at nine.

   On the North American front, land-based drilling declined by one rig to 527. 
Offshore activity rose by four to 21, while inland waters dipped by two to 
stand at just one rig. The Gulf of Mexico rig count declined by four to reach 
12.

   Canada's total rig count rose by one to 199, with oil-directed rigs up by 
two to 138 and gas rigs unchanged at 61. Despite the increases, total rigs for 
Canada remained 17 below last year's levels.




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