2020-09-07 10:50:00
WORLDWIDE RIG COUNT UP 20 TO 1,050
BAKER HUGHES - September 4, 2020 -- international rig count for August 2020 was 747 up 4 from the 743 counted in July 2020, and down 391 from the 1,138 counted in August 2019. The international offshore rig count for August 2020 was 184, up 1 from the 183 counted in July 2020, and down 60 from the 244 counted in August 2019.
The average U.S. rig count for August 2020 was 250, down 5 from the 255 counted in July 2020, and down 679 from the 926 counted in August 2019. The average Canadian rig count for August 2020 was 53, up 21 from the 32 counted in July 2020, and down 89 from the 142 counted in August 2019.
The worldwide rig count for August 2020 was 1,050, up 20 from the 1,030 counted in July 2020, and down 1,156 from the 2,206 counted in August 2019.
August 2020 Rig Counts
|
August 2020 |
July 2020 |
August 2019 |
||||||||
| Land | Offshore | Total | Month Variance |
Land | Offshore | Total | Land | Offshore | Total | |
| Latin America |
45 |
30 |
75 |
1 |
43 |
31 |
74 |
164 |
30 |
194 |
| Europe |
84 |
25 |
109 |
4 |
82 |
23 |
105 |
142 |
51 |
193 |
| Africa |
60 |
2 |
62 |
6 |
55 |
1 |
56 |
97 |
18 |
115 |
| Middle East |
262 |
39 |
301 |
-14 |
277 |
38 |
315 |
363 |
53 |
416 |
| Asia Pacific |
112 |
88 |
200 |
7 |
103 |
90 |
193 |
128 |
92 |
220 |
| International |
563 |
184 |
747 |
4 |
560 |
183 |
743 |
894 |
244 |
1,138 |
| United States |
237 |
13 |
250 |
-5 |
243 |
12 |
255 |
900 |
26 |
926 |
| Canada |
51 |
2 |
53 |
21 |
31 |
1 |
32 |
139 |
3 |
142 |
| North America |
288 |
15 |
303 |
16 |
274 |
13 |
287 |
1,039 |
29 |
1,068 |
| Worldwide |
851 |
199 |
1,050 |
20 |
834 |
196 |
1,030 |
1,933 |
273 |
2,206 |
-----
Earlier:
2020, September, 3, 12:45:00
U.S. OIL INVENTORIES DOWN BY 9.4 MB TO 498.4 MB
U.S. commercial crude oil inventories decreased by 9.4 million barrels to 498.4 million barrels,
2020, August, 31, 12:05:00
U.S. RIGS UP 0 TO 254
U.S. Rig Count is unchanged from last week at 254, Canada Rig Count is down 2 rigs from last week to 54
2020, August, 26, 12:45:00
U.S. OIL MARKET UPDOWN
“Although the market remains uncertain, we saw encouraging signs in July with gradual rebalancing of oil supply and demand,” API Chief Economist Dean Forman said. “Increases in U.S. refinery throughput and capacity utilization in July – coupled with inventories receding from record highs – has reinforced expectations for the continued demand recovery.”
2020, August, 18, 12:30:00
U.S. PRODUCTION: OIL (-19) TBD, GAS (-421) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 19,000 b/d month-over-month in August from 7,577 to 7,558 thousand barrels/day, gas production to decrease 421 million cubic feet/day from 79,684 to 79,263 million cubic feet/day .
2020, August, 10, 11:00:00
WORLDWIDE RIG COUNT DOWN 43 TO 1,030
The worldwide rig count for July 2020 was 1,030, down 43 from the 1,073 counted in June 2020,
