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US rotary rig count at 475, a gain of 5
Kristen Nelson Petroleum News
The Baker Hughes U.S. rotary drilling rig count stood at 475 the week ending July 2, a gain of five from the previous week and up by 212 from 263 a year ago.
When the count bottomed out at 244 in mid-August last year, it was not just the low for 2020, but the lowest the 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 when it gained back 10 rigs.
The July 2 count includes 376 rigs targeting oil, up by four from the previous week and up 191 from 185 a year ago, 99 rigs targeting gas, up by one from the previous week and up by 23 from 76 a year ago, and no miscellaneous rigs, unchanged from the previous week and down by two from a year ago.
Thirty of the rigs reported July 2 were drilling directional wells, 429 were drilling horizontal wells and 16 were drilling vertical wells.
Alaska rig count unchanged The Colorado rig count (13) was up by three from the previous week.
North Dakota (18), Pennsylvania (19) and Texas (222) were each up by a single rig.
Wyoming (9) was down by one rig.
Rig counts in all other states were unchanged from the previous week: Alaska (4), California (6), Louisiana (52), New Mexico (75), Ohio (9), Oklahoma (27), Utah (10) and West Virginia (9).
Baker Hughes shows Alaska with four rigs active July 2, unchanged from the previous week and up one from a year ago, when the state’s count stood at three.
The rig count in the Permian, the most active basin in the country, was up by one from the previous week at 237 and up by 111 from a count of 126 a year ago.
International count up by 8 The international rig count, which excludes U.S. and Canada counts, was 758 in June, Baker Hughes said July 2, up by eight rigs from May, with one additional land rig (572) and seven additional offshore rigs (186).
The international count is down 23 from June 2020, when the count stood at 781, with land rigs down 15 and offshore rigs down eight.
The June international average by area was Middle East at 262, followed by 183 rigs active in Asia Pacific, 143 in Latin America, 105 in Europe and 65 in Africa.
The U.S. rig count averaged 464 in June, up 11 from May’s average and up 190 year-over-year. The Canadian rig count averaged 103 in June, up 44 from May’s average and up by 85 from June 2020.
The worldwide rig count, international and North America, was 1,325 in June, up by 63 from 1,262 in May and up 252 from 1,073 in June 2020.
Baker Hughes initiated the monthly international rig count in 1975.
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