Environment and Energy
January 13, 2018
U.S., Canadian Rig Counts Increase This Week
Written by Brett Linton
The U.S. rig count, an indicator of oil country tubular goods demand, increased this week, according to Jan. 12 data from oilfield services company Baker Hughes. The number of active U.S. drill rigs rose by 15 to 939 rigs, with oil rigs up 10 to 752 rigs, gas rigs up 5 to 187 rigs, and miscellaneous rigs unchanged at 0 rigs. Compared to this time last year, the 939 count is up 280 rigs, with oil rigs up 230, gas rigs up 51, and miscellaneous rigs down 1. See the first graph below for a history of active U.S. rig counts.
The Canadian rig count recovered from its seasonal slump, climbing by 102 to 276 rigs this past week, with oil rigs up 87 to 185 rigs, gas rigs up 15 to 91 rigs, and miscellaneous rigs unchanged at 0. Compared to last year, the 276 count is down 39 rigs, with oil rigs up 15, gas rigs down 53, and miscellaneous rigs down 1. See the second graph below for a history of active Canadian rig counts.
