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US drilling rig count up by 7 to 705
Kristen Nelson Petroleum News
The Baker Hughes’ U.S. rotary drilling rig count topped 700 on May 6, up by seven to 705 from the previous week and up by 257 from 448 a year ago, the first time the count has been above 700 since April 2020.
When the count dropped to 244 in mid-August 2020 it was the lowest the domestic rotary rig count has been since the Houston based oilfield services company began issuing weekly U.S. numbers in 1944.
Prior to 2020, the low was 404 rigs in May 2016. The count peaked at 4,530 in 1981.
The count was in the low 790s at the beginning of 2020, where it remained through mid-March, when it began to fall, dropping below what had been the historic low in early May with a count of 374 and continuing to drop through the third week of August 2020 when it gained back 10 rigs.
The May 6 count includes 557 rigs targeting oil, up by five from the previous week and up 213 from 344 a year ago, with 146 rigs targeting gas, up by two from the previous week and up 43 from 144 a year ago, and two miscellaneous rigs, unchanged from the previous week and up by one from a year ago.
Thirty-four of the rigs reported May 6 were drilling directional wells, 646 were drilling horizontal wells and 25 were drilling vertical wells.
Alaska rig count down by one Louisiana (62) was up by four rigs from a week ago.
Oklahoma (53) and Pennsylvania (25) were each up by two rigs week over week.
New Mexico (98) was up by one rig.
Alaska (8) and Texas (344) were each down a rig.
Rig counts in all other states were unchanged week over week: California (7), Colorado (15), Kansas (1), North Dakota (35), Ohio (12), Utah (12), West Virginia (14) and Wyoming (15).
Baker Hughes shows Alaska with eight rotary rigs active May 6, down by one from the previous week and up by five from a year ago, when the state’s rig count stood at three.
The rig count in the Permian, the most active basin in the country, was unchanged from the previous week at 335 and up by 106 from 229 a year ago.
Baker Hughes began providing a monthly international rig 1975. The international count excludes North America which is included in the company’s worldwide figures.
The international count for April, issued May 6, is down by nine from March to 806 rigs, Baker Hughes said, with land rigs down six to 615 and offshore rigs down three to 191. The April international count is up by 111 rigs from the comparable count in 2021, 695, with land rigs up by 85 and offshore rigs up by 26.
The Middle East accounts for the most rigs in the international totals, 300 in April, followed by Asia Pacific with 184, Latin America with 163, Europe with 81 and Africa with 78.
The U.S. rig count averaged 690 in April, up 29 from a March average of 661, and up by 254 from April 2021, while the Canadian count for April averaged 107, down 78 from a March average of 185 and up by 49 from April 2021.
Worldwide the rig count was 1,603 in April, down 58 from 1,661 in March and up by 414 from 1,189 last April.
International rig count down 9 at 806 Baker Hughes began providing a monthly international rig 1975. The international count excludes North America which is included in the company’s worldwide figures.
The international count for April, issued May 6, is down by nine from March to 806 rigs, Baker Hughes said, with land rigs down six to 615 and offshore rigs down three to 191. The April international count is up by 111 rigs from the comparable count in 2021, 695, with land rigs up by 85 and offshore rigs up by 26.
The Middle East accounts for the most rigs in the international totals, 300 in April, followed by Asia Pacific with 184, Latin America with 163, Europe with 81 and Africa with 78.
The U.S. rig count averaged 690 in April, up 29 from a March average of 661, and up by 254 from April 2021, while the Canadian count for April averaged 107, down 78 from a March average of 185 and up by 49 from April 2021. Worldwide the rig count was 1,603 in April, down 58 from
1,661 in March and up by 414 from 1,189 last April.
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