North American rig count declines by two
US oilfield services company Baker Hughes reported April 23 the North American rig count declined by two, with declines split evenly across oil and natural gas.
Baker Hughes recorded 493 rigs in service during the week ending April 23, two less than the previous week. The United States saw stable gas work upstream, but lost one rig in oil during the week. The oil rig count in Canada was unchanged from the week ending April 16, while the rig count in gas declined.
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In the United States, 78% of the rig activity is focused on oil, while for Canada, the bulk of the work – some 69% – was in natural gas this week.
The US decline was attributable to lower activity in the Permian basin. The 225 oil rigs in service during the week marked a decline of one from the previous week. Only one rig was deployed in the basin for natural gas work.
The Canadian decline in rig activity came from Alberta. Baker Hughes did not breakdown provincial Canadian activity by product.
Offshore, the United States had 11 rigs in service in the Gulf of Mexico, with all of those deployed in the search for oil. Offshore activity in Canada was unchanged from the previous week, with one rig in the Atlantic waters off the coast of Newfoundland.