Environment and Energy
May 4, 2018
Active Gas & Oil Rig Counts Up in May
Written by Brett Linton
The U.S. rig count, an indicator of oil country tubular goods demand, rose this week, according to May 4 data from oilfield services company Baker Hughes. The number of active U.S. drill rigs rose by 11 to 1,032 rigs, with oil rigs up 9 to 834 rigs, gas rigs up 1 to 196 rigs, and miscellaneous rigs up 1 to 2 rigs. Compared to this time last year, the 1,032 count is up 155 rigs, with oil rigs up 131, gas rigs up 23, and miscellaneous rigs up 1. See the first graph below for a history of active U.S. rig counts.
The Canadian rig count rose by 1 to 86 rigs, with oil rigs up 4 to 37 rigs, gas rigs down 3 to 49 rigs, and miscellaneous rigs unchanged at 0. Compared to last year, the 86 count is up by 4 rigs, with oil rigs up 10, gas rigs down 6, and miscellaneous rigs unchanged. See the second graph below for a history of active Canadian rig counts.
