Baker Hughes: Weekly North America Rig Count Up by 21


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- North American energy drilling activity increased by 
21 rigs this week, according to Baker Hughes' weekly rigs report released 
Friday (5/22). The regional rig count for the week ended May 22 stood at 696, 
compared to 675 in the week prior.

   Rigs for Canada and the U.S. combined were also higher than the 680 actively 
deployed in the same week last year.

   This week's rig changes were driven by gains in both Canada and the United 
States, which saw increases of 14 and seven rigs, respectively.

   Canada's count climbed to 138, which is above the 114 seen during the same 
time last year. The U.S. rig count reached 558, though it remained below the 
year-ago level of 566.

   In the United States, oil rigs alone increased by 10 to 425. Conversely, the 
gas rig count fell by three to 125, and miscellaneous rigs remained unchanged 
at eight.

   By trajectory, horizontal rigs stood at 486 and directional rigs at 54, 
after adding two rigs each. Vertical rigs increased by three to 13.




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