Baker Hughes: North America Rig Count Down 16 Last week

SECAUCUS, NJ (DTN) — North American drilling activity fell sharply this week, with a net drop of 16 rigs across the U.S. and Canada to 733, according to Baker Hughes data released Friday (10/31).

Total rigs operating in the United States fell by four to 546, while staying 39 below from the same week last year.

In the U.S., oil-directed rigs were down six at 414, while gas rigs rose by four to 125 week-over-week. Miscellaneous rigs fell by two to seven.

On the North American front, land-based drilling lost two rigs to 525. Offshore activity also slid by two to 19, while inland waters were unchanged at two rigs. The Gulf of Mexico rig count fell by one to 11.

Canada’s total rig count dropped by 12 to 187, with oil-directed rigs down 11 to 127 and gas rigs lower by one to 60. Total rigs for Canada were 26 below last year’s level.