:: Reports --- ID :: 14586
Rig count continued November Momentum to kick off December
still 53% down from its peak

By Srinivas Chowdary Sunkara // petrobazaar // 8th Dec, 2017.

Baker Hughes Reported that Oil drilling activity continues to show November momentum to kick off December. U.S drillers added 2nos into shale oil fields where as Canadians boosted oil drilling with one more rig however gas activity is discounted with 4 rigs.

Permian gulf basin, which operates large number of rigs in U.S added 3 more rigs and south Texas' Eagle Ford shale picked up 3 more rigs, contributing net gain of 5 rigs for Texas. New Mexico which has a portion of Permian also has an additional rigs of 3. The number of rigs operating in gas fields stayed flat. 

The states, Oklahoma, North Dakota, Kansas lost 1 rig apiece while Colorado and Ohio left with 3 and 4 rigs reduction due to seasonal cold weather. The gains in some of the states offset losses in other states. Total rigs operating in U.S and Canada are coming to 931 nos and 219 nos. 751 rigs are getting operated in oil fields where as 180 rigs are stayed in Gas fields.