ERHC Energy Inc (ERHE)

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Walldog..US rig count packs on weight

By Upstream staff


The number of rigs searching for oil and gas in the US added 16 to 1496 in the week ended 4 November, according to oil services outfit Baker Hughes.

That figure was up from 1268 during the same week last year.

Meanwhile, the number of rigs in the US Gulf of Mexico rose one to 83, compared with 91 last year.

There were 1385 US rigs searching on land, 88 offshore and 23 inland, as the total North American rig count rose 13 to 2078, up from last year's 1700.

Canada's tally fell three however, to 582, compared with 432 last year.

The number of rigs searching for oil in the US hiked four to 231, while those searching for gas climbed 13 to 1260.

There were five miscellaneous rigs counted, down one from last week.