The Baker Hughes North American rig count is down 5 rigs in the October 13 week to 1,140. The U.S. rig count is down 8 rigs at 928 but is up 389 rigs from last year at this time. The Canadian count is up 3 rigs at 212 and is up 47 rigs from last year.
For the U.S. count, rigs classified as drilling for oil are down 5 rigs at 743, gas rigs are down 2 at 185, and miscellaneous rigs are down 1 at 0. For the Canadian count, oil rigs remain unchanged at 112 and gas rigs are up 3 at 100.
The third consecutive weekly decline shows the rig count again surprisingly declining in areas impacted by Harvey, contrary to expectations of the rebooting of drilling operations that were interrupted by the hurricane. The rig count in Texas was down 4 rigs at 444, Louisiana rigs are down 1 rig at 65, and Gulf of Mexico rigs are down 2 at 20.