Economy
December 6, 2013
US & Canadian Rig Counts Up from Previous Week
Written by Brett Linton
According to Baker Hughes data from December 6th, 2013, the U.S rig count for this week is 1,775 rigs exploring for or developing oil or natural gas. This count is an increase of 12 rigs when compared to last week, with oil rigs up 6 to 1,397 rigs, gas rigs up 8 to 375 rigs, and miscellaneous rigs down 2 to 3 rigs. Compared to last year the 1,775 count is a decrease of 25 rigs, with oil rigs up by 15, gas rigs down by 42, and miscellaneous rigs up by 2.
The Canadian rig count increased by 17 to 402 rigs this week, with oil rigs up 15 to 230 rigs, and gas rigs up 2 to 172 rigs. Compared to last year the 402 count is a decrease of 4 rigs, with oil rigs down by 51 and gas rigs up by 47. International rigs decreased by 4 to 1,311 rigs for the month of November, an increase of 44 rigs from the same month one year ago.
