Rig counts continue to climb in the US and Canada

By Phaedra Friend Troy

According to the weekly rig report from Baker Hughes (NYSE:BHI), the number of rigs in North America jumped by 37 this week, with both the US and Canada adding land rigs.

In the United State, another 16 land rigs were added to the line-up, while the US Gulf of Mexico lost another offshore rig. Currently, there are 1,921 rotary rigs working onshore the US and 34 rigs in its waters, as well as 19 inland waters rigs.

There are currently 1,066 rigs drilling for oil and 900 rigs drilling for natural gas, while 1,138 rigs are drilling horizontal wells, 227 are drilling directional wells and 609 are drilling vertical wells.

Texas continues to lead the pack with 893 rigs currently working in the Lone Star State. An increase of seven this week, Texas continues to host the most rigs by far due to its vast shale and conventional plays, with rigs active in the Haynesville Shale, Barnett Shale, Eagle Ford Shale and Permian Basin.

Gaining 11 this week, Oklahoma pulled ahead as the state with the second-most rig activity with 198 rigs drilling in the state. Increased interest in the Woodford Shale, Cana Shale and other unconventional resources has ignited interest in Oklahoma.

North Dakota now has the third-most rigs drilling with 176 active rotary rigs. Drilling in the prolific Bakken Shale, all of the rigs are searching for oil in North Dakota.

Suffering a drop due to reduced drilling in the gas-rich Haynesville and from drilling delays in the US Gulf of Mexico, Louisiana has dropped to the fourth position with 169 active rigs. In stark contrast to today’s numbers with just 32 rigs drilling offshore Louisiana, the same week three years ago saw the state hosting 65 rigs drilling in the waters of the US Gulf of Mexico.

Despite losing five rigs this week, Pennsylvania, with its booming Marcellus Shale play, hosts 111 active rigs, and Wyoming showed strong growth, adding six rigs this week for 49 active rigs in the state.

In Canada, there are currently 486 rigs actively drilling, an increase of 22 this week.

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