Steel Markets
September 12, 2014
Oil and Gas Rigs Up in US While Canada Drops
Written by Brett Linton
According to Baker Hughes data from September 12th 2014, the U.S rig count for this week is 1,931 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 8 to 1,592 rigs, gas rigs down 2 to 338 rigs, and miscellaneous rigs unchanged at 1 rig. Compared to last year the 1,931 count is an increase of 163 rigs, with oil rigs up by 231 gas rigs down by 63, and miscellaneous rigs down by 5.
The Canadian rig count decreased by 9 to 405 rigs this week, with oil rigs down 6 to 222 rigs and gas rigs down 3 to 183 rigs. Compared to last year the 405 count is an increase of 25 rigs, with oil rigs down by 16 and gas rigs up by 41. International rigs decreased by 43 to 1,339 rigs for the month of August, an increase of 72 rigs from the same month one year ago. For a history of both the US and Canadian rig count click here.
