Baker Hughes: International drilling activity increased in November

Dec. 6, 2013 at 8:11 AM   |   0 comments

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HOUSTON, Dec. 6 (UPI) -- Oil service company Baker Hughes Inc. said Friday oil and gas exploration internationally was increasing though U.S. activity declined.

Baker Hughes published its monthly rig count for November. The international rig count for November was 1,311. That's four fewer rigs than counted in October but up 44 from November 2012.

The company's rig count reflects the number of drilling rigs actively exploring for or developing oil or natural gas.

For the United States, the company said the average rig count for November was 1,756, down 53 compared to the same time last year. A similar U.S. trend was observed last month.

For Canada, the number was up 7 to 385 when compared to last month and unchanged from November 2012.

New drilling technologies for shale oil and natural gas deposits helped push North America to the top of the list in terms of global producers. Canada relies almost exclusively on the United States as an energy trading partner. The United States is producing more oil than it has since the late 1980s.

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