Analysis
September 3, 2013
U.S. Rig Count Down 118 and Canada Up 83 Rigs from Previous Year
Written by Brett Linton
According to Baker Hughes data from August 30th, 2013, the U.S rig count for this week is 1,776 rigs exploring for or developing oil or natural gas. This number is unchanged when compared to last week, with oil rigs up 6 to 1,388 rigs, gas rigs down 7 to 380 rigs, and miscellaneous rigs up 1 to 8 rigs. Compared to last year the 1,776 count is a decrease of 118 rigs, with oil rigs down by 31, gas rigs down by 93, and miscellaneous rigs up by 6.
The Canadian rig count increased by 16 to 399 rigs this week, with oil rigs up 10 to 256 rigs, and gas rigs up 5 to 143 rigs. Compared to last year the 399 count is an increase of 83 rigs, with oil rigs up by 19 and gas rigs up by 64. International rigs decreased by 28 to 1,305 rigs for the month of July, an increase of 41 rigs from the same month one year ago.
