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2022-02-28 12:30:00

U.S. RIGS UP 5 TO 650

U.S. RIGS  UP 5 TO 650

BAKER HUGHES - February 25, 2022 -   

U.S. Rig Count is up 5 from last week to 650 with oil rigs up 2 to 522, gas up 3 to 127, and miscellaneous rigs unchanged at 1. 

U.S. Rig Count is up 248 rigs from last year's count of 402 with oil rigs up 213 gas rigs up 35 and miscellaneous unchanged at 1. 

The U.S. Offshore Rig Count is unchanged at 12, down 5 year-over-year.

Canada Rig Count is up 4 from last week to 224, with oil rigs up 3 to 138, gas rigs unchanged at 85 and miscellaneous up 1 to 1.

Canada Rig Count is up 61 rigs from last year's count of 163, with oil rigs up 46, gas rigs up 14 and miscellaneous up 1.

 
Area Last Count Count Change from Prior Count Date of Prior Count Change from Last Year Date of Last Year's Count
U.S. 25 Feb 
2022
650 +5 18 Feb
2022
+248 26 Feb
2021
Canada 25 Feb
2022
224 +4 18 Feb
2022
+61 26 Feb
2021
International Jan
2022
841 +7 Dec
2021
+164 Jan
2021

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Earlier:

U.S. RIGS  UP 5 TO 650
2022, February, 25, 11:50:00
OIL PRICE: ABOVE $101
Brent rose $2.81, or 2.8%, to $101.89 a barrel, WTI touched a high of $95.64 a barrel.
U.S. RIGS  UP 5 TO 650
2022, February, 14, 11:35:00
U.S. RIGS UP 22 TO 635
U.S. Rig Count is up 22 from last week to 635, Canada Rig Count is up 1 from last week to 219.
U.S. RIGS  UP 5 TO 650
2022, February, 9, 12:25:00
OIL PRICES 2022-23: $87-$68
This dynamic leads to rising global oil inventories from 2Q22 through the end of 2023, and the Brent spot price will fall to an average of $87/b in 2Q22 and $75/b in 4Q22. The Brent price will average $68/b for all of 2023.
U.S. RIGS  UP 5 TO 650
2022, February, 7, 11:05:00
WORLDWIDE RIG COUNT UP 69 TO 1,632
The Worldwide Rig Count for January was 1,632, up 69 from the 1,563 counted in December 2021,and up 449 from the 1,183 counted in January 2021.
U.S. RIGS  UP 5 TO 650
2022, February, 7, 11:00:00
U.S. RIGS UP 3 TO 613
U.S. Rig Count is up 3 from last week to 613 , Canada Rig Count is up 1 from last week to 218.
U.S. RIGS  UP 5 TO 650
2022, January, 24, 11:50:00
U.S. RIGS UP 3 TO 604
U.S. Rig Count is up 3 from last week to 604, Canada Rig Count is up 21 from last week to 212.
U.S. RIGS  UP 5 TO 650
2022, January, 12, 10:35:00
OIL PRICES 2022-23: $75-$68
Brent crude oil spot prices averaged $71 per barrel (b) in 2021, and we forecast Brent prices will average $75/b in 2022 and $68/b in 2023.
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Tags: USA, CANADA, OIL, GAS, RIG, COUNT