Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill

U.S. offshore rig count drops down a notch

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States slipped down by one unit last week. The total number of rigs operating in the U.S. also went down to 760 from 761 units during the previous week.

Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill

Following the increase in the number of offshore rigs working in the U.S. to 18, Baker Hughes disclosed on Friday, 17 February 2023, that the number of these units fell to 17 last week. In addition, offshore rigs were up by 5 units on a year-over-year basis.

Related Article

Furthermore, the company points out that the total number of active drilling rigs, including onshore and offshore ones, in the United States decreased by 1 unit to 760 last week, which is up by 115 rigs from last year’s count of 645 with oil rigs going up by 87 units, gas rigs climbing up by 27 units, and miscellaneous rigs rising up by 1 unit.

In comparison to the figures from the week before, oil rigs in the U.S. went down by 2 units to 607 last week while gas rigs went up by 1 unit to 151 and miscellaneous rigs remained unchanged at 2 units.

Moreover, the total number of active rigs in Canada slipped down by 2 units last week to 248 rigs compared to the previous week with oil rigs up by 2 to 163 units while gas rigs were down 4 units to 85.

According to Baker Hughes’ report, the total number of rigs in Canada rose by 28 units from last year’s count of 220 rigs. While oil rigs increased by 28 units last week compared to the year before, gas rigs kept the status quo.

Rig count; Source: Baker Hughes
Rig count; Source: Baker Hughes