North American Rig Count Drops for Third Straight Week
Baker Hughes data confirms the continent sheds seven operational units in its latest weekly survey.
North American upstream drilling operations have recorded another weekly decline, with the continent dropping seven operational units week on week, according to the latest rotary rig count published by energy services firm Baker Hughes.
The weekly contraction extends an ongoing downward trend for regional drilling infrastructure. The latest survey confirms that North American field operations have now experienced three consecutive weeks of net unit losses.
Baker Hughes tracks weekly fluctuations in rotary drilling apparatus to provide a benchmark for regional exploration and production activity across the continent. The latest figures reflect ongoing calibrations in active field equipment.
The three-week contraction in the continental count highlights continuing adjustments in resource extraction operations across North American fields as monitored by the weekly industry assessment.
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