Environment and Energy
July 26, 2019
Active Gas & Oil Rig Counts in US and Canada
Written by Brett Linton
The U.S. active rotary rig count, an indicator of oil country tubular goods demand, declined this week, according to oilfield services company Baker Hughes. The number of active U.S. rigs fell by 8 to 946, with oil rigs down 3, gas rigs down 5, and miscellaneous rigs unchanged. Compared to this time last year, the 946 count is down 102 rigs, with oil rigs down 85, gas rigs down 17, and miscellaneous rigs unchanged. See the first graph below for a history of active U.S. rig counts.
The Canadian rig count rose by 9 to 117 rigs, with oil rigs up 2 and gas rigs up 7. Compared to last year, the 127 count is down 96 rigs, with oil rigs down 69 and gas rigs down 27. See the second graph below for a history of active Canadian rig counts.
