U.S. rig count is down eight rigs from last week to 805, with oil rigs down eight to 677, gas rigs unchanged at 125, and miscellaneous rigs unchanged at three, according to Baker Hughes.
U.S. rig count is down 278 rigs from last year's count of 1,083, with oil rigs down 208, gas rigs down 73, and miscellaneous rigs up three to three.
The U.S. offshore rig count is down one to 23 and down one year-over-year.
Canada rig count is down 50 rigs from last week to 99, with oil rigs down 36 to 52 and gas rigs down 14 to 47.
Canada rig count is up 29 rigs from last year's count of 70, with oil rigs up 37 and gas rigs down eight.
Recommended Reading
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
2024-03-18 - By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
NGL Growth Leads Enterprise Product Partners to Strong Fourth Quarter
2024-02-02 - Enterprise Product Partners executives are still waiting to receive final federal approval to go ahead with the company’s Sea Port Terminal Project.
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
2024-02-13 - In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.
Marathon Petroleum Sets 2024 Capex at $1.25 Billion
2024-01-30 - Marathon Petroleum Corp. eyes standalone capex at $1.25 billion in 2024, down 10% compared to $1.4 billion in 2023 as it focuses on cost reduction and margin enhancement projects.