Steel Products Prices North America
U.S. Rig Count Down 81 and Canada Down 11 Rigs from Previous Year
Written by Brett Linton
October 6, 2013
According to Baker Hughes data from October 4th, 2013, the U.S rig count for this week is 1,756 rigs exploring for or developing oil or natural gas. This count is an increase of 12 rigs when compared to last week, with oil rigs up 10 to 1,372 rigs, gas rigs up 2 to 378 rigs, and miscellaneous rigs unchanged at 6 rigs. Compared to last year the 1,756 count is a decrease of 81 rigs, with oil rigs down by 26, gas rigs down by 59, and miscellaneous rigs up by 4.
The Canadian rig count decreased by 29 to 361 rigs this week, with oil rigs down 23 to 209 rigs, and gas rigs down 6 to 152 rigs. Compared to last year the 361 count is a decrease of 11 rigs, with oil rigs down by 66 and gas rigs up by 57. International rigs decreased by 38 to 1,267 rigs for the month of July, an increase of 6 rigs from the same month one year ago.
About the Rotary Rig Count
A rotary rig is one that rotates the drill pipe from the surface to either drill a new well or sidetracking an existing one. They are drilled to explore for, develop and produce oil or natural gas. The Baker Hughes Rotary Rig count includes only those rigs that are significant consumers of oilfield services and supplies.
The Baker Hughes North American Rotary Rig Count is a weekly census of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States and Canada. Rigs considered active must be on location and drilling. They are considered active from the time they break ground until the time they reach their target depth.
The Baker Hughes International Rotary Rig Count is a monthly census of active drilling rigs exploring for or developing oil or natural gas outside of the United States and Canada. International rigs considered active must be drilling at least 15 days during the month. The Baker Hughes International Rotary Rig Count does not include rigs drilling in Russia or onshore China.
Brett Linton
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