Ida drags North American rig count lower: Baker Hughes
The Baker Hughes rig count report showed the impact of Hurricane Ida on the US energy sector contributed to a net decline in upstream activity for the week ending September 3.
Using data from Enverus, Baker Hughes reported the North American rig count at 649, six lower than during the week ending August 27. The US rig count declined by 11, while Canadian activity increased by five.
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“Due to Hurricane Ida making landfall in the Grand Isle area of Louisiana on Sunday August 26th, 2021, the Baker Hughes active rig count in the Gulf of Mexico is at 0 for the week ending September 2nd,” the report said.
Just over 90% of the total oil and gas production in the US waters of the Gulf of Mexico remains offline.
Discounting offshore work and US upstream activity showed a minor increase from the previous week.
The Haynesville play, situated mostly in Louisiana, gained three rigs during the reporting period, while the Permian basin in Texas saw activity increase by one.
Two fewer rigs were reported across Oklahoma from the previous week, with one each idled in the Woodford and Granite Wash basins.
About 80% of the US upstream activity is focused on crude oil.
In Canada, Saskatchewan led the gains, with an increase of five rigs from the previous week, followed by Alberta, with an increase of three. The rig count in British Columbia declined by two from the previous reporting period.
Baker Hughes does not break down oil and gas activity to the provincial level for Canada. About 60% of the upstream work in Canada was focused on oil during the reporting period.