U.S. Offshore rig count falls to lowest since 2011

The U.S. Offshore rig count has significantly dropped since last week, Baker Hughes has reported in its Weekly Rig Count report on Friday.

The U.S. Offshore rig count is now 37, down 11 rigs from last week, and down 18 rigs year over year. The offshore rig count has now hit the lowest number since November 18, 2011, when the U.S. weekly offshore rig count stood at 36 active offshore rigs.

U.S. Rig Count is down 56 rigs from last week to 1069, with oil rigs down 41 to 825, gas rigs down 15 to 242, and miscellaneous rigs unchanged at 2.

U.S. Rig Count is down 734 rigs from last year at 1803, with oil rigs down 648, gas rigs down 84, and miscellaneous rigs down 2.

BHI Rig Count: Canada -80 to 140 rigs

Canadian Rig Count is down 80 rigs from last week to 140, with oil rigs down 55 to 30, and gas rigs down 25 to 110.

Canadian Rig Count is down 249 rigs from last year at 389, with oil rigs down 180, and gas rigs down 69.

Offshore Energy Today Staff