Steel Markets
August 1, 2014
Active Oil and Gas Rigs: US Increases, Canada Decreases
Written by Brett Linton
According to Baker Hughes data from August 1st, 2014, the U.S rig count for this week is 1,889 rigs exploring for or developing oil or natural gas. This count is an increase of 6 rigs when compared to last week, with oil rigs up 11 to 1,573 rigs, gas rigs down 5 to 313 rigs, and miscellaneous rigs unchanged at 3 rigs. Compared to last year the 1,889 count is an increase of 107 rigs, with oil rigs up by 185, gas rigs down by 75, and miscellaneous rigs down by 3.
The Canadian rig count decreased by 3 to 392 rigs this week, with oil rigs down 12 to 226 rigs and gas rigs up 9 to 166 rigs. Compared to last year the 392 count is an increase of 51 rigs, with oil rigs up by 3 and gas rigs up by 48. International rigs decreased by 6 to 1,344 rigs for the month of June, an increase of 11 rigs from the same month one year ago. For a history of both the US and Canadian rig count click here.
