Rig report: United States market suffers slide as Hurricane Ida wreaks havoc
Baker Hughes has released their latest rig report, which saw the Canadian market bounce back, while the U.S. suffered a setback.
The U.S. rig count is down 11 from last week to 497 with oil rigs down 16 to 394, gas rigs up 5 to 102, and miscellaneous rigs unchanged at 1.
Overall, the U.S. rig count is up 241 rigs from last year's count of 256, with oil rigs up 213, gas rigs up 30, and miscellaneous rigs down 2 to 1.
The U.S. offshore rig count is down 13 to 2, down 13 year-over-year.
Due to Hurricane Ida making landfall in the Grand Isle area of Louisiana on Sunday August 26th 2021 the Baker Hughes Active Rig Count in the GoM is at 0 for the week ending September 2nd. Rig operators began halting exploration and development activities from Friday 24th in anticipation of the storm, with operational assessment ongoing in the area.
In Canada, the rig count is up 5 from last week to 152, with oil rigs up 7 to 92, gas rigs down 2 to 60 and miscellaneous rigs unchanged at 0.
Overall, the Canada rig count is up 100 rigs from last year's count of 52, with oil rigs up 73, gas rigs up 27 and miscellaneous rigs unchanged at 0.