Baker Hughes has released their latest rig count for the week ending November 20, with the U.S. sector seeing a slight downturn in its numbers while the Canadian industry showed a big improvement since the last report, especially among gas rigs.
The U.S. rig count is down 2 from last week to 310 with oil rigs down 5 to 231, gas rigs up 3 to 76, and miscellaneous rigs unchanged at 3. Overall, the U.S. rig count is down 493 rigs from last year's count of 803, with oil rigs down 440, gas rigs down 53 and miscellaneous rigs unchanged at 3.
The U.S. offshore rig count is down 1 to 12, down 10 year-over-year.
In Canada, the rig count is up 12 from last week to 101, with oil rigs up 3 to 42, gas rigs up 9 to 59.
The Canadian rig count is down 36 rigs from last year's count of 137, with oil rigs down 44, gas rigs up 8.
SCHEDULE CHANGE: Due to the U.S. Thanksgiving holiday, the Friday, November 27, 2020 weekly North America rig count will be issued on, Wednesday, November 25, 2020.