Steel Markets
August 22, 2014
Active Oil and Gas Rigs: US Down, Canada Up
Written by Brett Linton
According to Baker Hughes data from August 22, 2014, the U.S rig count for this week is 1,896 rigs exploring for or developing oil or natural gas. This count is a decrease of 17 rigs when compared to last week, with oil rigs down 25 to 1,564 rigs, gas rigs up 9 to 330 rigs, and miscellaneous rigs down 1 to 2 rigs. Compared to last year the 1,896 count is an increase of 120 rigs, with oil rigs up by 182 gas rigs down by 57, and miscellaneous rigs down by 5.
The Canadian rig count increased by 4 to 405 rigs this week, with oil rigs up 12 to 236 rigs and gas rigs down 8 to 169 rigs. Compared to last year the 405 count is an increase of 22 rigs, with oil rigs down by 10 and gas rigs up by 32. International rigs increased by 38 to 1,382 rigs for the month of July, an increase of 77 rigs from the same month one year ago. For a history of both the US and Canadian rig count click here.
