In contrast to rig gains in the U.S., Canada dropped nine rigs week on week, according to the rig count. The total Canada rig count is now said to stand at 200, comprising 133 oil rigs and 67 gas rigs. The total North America rig count was shown to have stayed flat week on week at 979 rigs.
Baker Hughes’ rig count highlighted that North America has added 255 rigs year on year. The majority of these are shown to have come from the U.S. (223), while Canada is shown to have added 32 rigs. The U.S. additions comprise 168 oil rigs, 53 gasrigs and two miscellaneous rigs, while the Canada additions all come in the form of oil rigs, Baker Hughes’ count revealed.