How To Get Bakerhughes Rig Count "Web Service"

U.S. rig count jumps past 22 to total 635

(World Oil) — Baker Hughes rig count released Friday shows the U.s. has added 22 rigs since last week, bringing its total count to 635. This shows an increment of 238 rigs from last year, and brings Due north America's total rig count to 854.

Compared to a record low U.Due south. count of 244 in August 2020, the rig count is up 160%.

Rig counts are also increasing internationally, with Canada adding ane to total 219 since last calendar week and other countries adding seven to total 841 since last month, according to Baker Hughes. Canada'southward number of rigs have increased by 43 in the by year, and other international rigs have increased past 164 in the past year.

Of the 22 rigs added in the Usa, xiii are in Texas. Utah, Pennsylvania, Oklahoma and North Dakota all saw rig increases, while Louisiana and West Virginia both decreased by one.

In the U.S., 617 rigs are on land, 16 are offshore and two are in inland waters, Bakery Hughes shows. The majority of U.S. rigs, 516, are oil rigs.

Also this calendar week, Energy Information Assistants data showed oil output will boilerplate 12.vi one thousand thousand barrels a twenty-four hours in 2023, an increase from its previous estimate of 12.41 million. The current almanac all-fourth dimension high of 12.3 million barrels a day was prepare in 2019, Bloomberg reported, adding that a scorching cost rally is driving producers to boost drilling.

Baker Hughes Rig Counts are described as an of import business barometer for the drilling manufacture and its suppliers. When drilling rigs are active, they consume products and services produced past the oil service industry. The active rig count acts every bit a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons.