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    Environment and Energy

    US Oil Rig Counts Continue to Rise

    Written by Brett Linton


    According to Baker Hughes data from June 9, 2017, the US rig count for the week was 927 rigs exploring for or developing oil or natural gas. This is up 11 rigs compared to last week, with oil rigs up 8 to 741 rigs, gas rigs up 3 to 185 rigs, and miscellaneous rigs unchanged at 1 rig. Active US rigs have increased week over week for the past 21 weeks. Compared to this time last year, the 927 count is up 513 rigs, with oil rigs up 414, gas rigs up 100, and miscellaneous rigs unchanged.

    The Canadian rig count jumped by 33 to 132 rigs this past week, with oil rigs up 23 to 74 rigs, gas rigs up 10 to 58 rigs, and miscellaneous rigs unchanged at 0 rigs. Active Canadian rigs have increased week over week for the last 4 weeks, following an 11 week period of consecutively weekly declines. Compared to last year the 132 count is up 67 rigs, with oil rigs up 45, gas rigs up 22, and miscellaneous rigs unchanged.

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