Baker Hughes adjusts rig count methodology

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Baker Hughes said Nov. 16 that the U.S. land rig count reported for the week ending Nov. 10 — 1,586 — represents a decrease of 41 rigs from the week ending Nov. 3, when the count stood at 1,627.

Baker Hughes said the decrease reflects weather delays in North Texas and Oklahoma, “as well as refinements in the methodology used to compile the rig count to ensure consistence in the compilation of the rig count.”

The company said the refinements “effectively reduced this week’s land rig count by approximately 15-20 rigs.” It also said that it has not changed the definition of an active rig and that historical data will not be revised.

Major state variances reported by Baker Hughes for the two-week period are: Oklahoma down 14 rigs; Louisiana and Texas each down 12 rigs; New Mexico down seven rigs; Wyoming down four rigs; and Colorado down three rigs.

The Alaska rig count is unchanged and California is up by four rigs.

The U.S. total (land, inland waters and offshore) is 1,693, down 46 from the week-ago total of 1,739. Eighty-two rigs were active in the Gulf of Mexico, down five from 87 for the week ending Nov. 3.

Canada had 446 rigs active, an increase of 70 from the Nov. 3 total of 376.

—Petroleum News