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    October 25, 2013

    U.S. Rig Count Down 88 and Canada Up 34 Rigs from Previous Year

    Written by Brett Linton

    According to Baker Hughes data from October 25th, 2013, the U.S rig count for this week is 1,738 rigs exploring for or developing oil or natural gas. This count is a decrease of 1 rig when compared to last week, with oil rigs down 4 to 1,357 rigs, gas rigs up 4 to 376 rigs, and miscellaneous rigs down 1 to 5 rigs. Compared to last year the 1,738 count is a decrease of 88 rigs, with oil rigs down by 51, gas rigs down by 40, and miscellaneous rigs up by 3.

    The Canadian rig count increased by 16 to 404 rigs this week, with oil rigs up 14 to 249 rigs, and gas rigs up 2 to 155 rigs. Compared to last year the 404 count is an increase of 34 rigs, with oil rigs down by 32, gas rigs up by 67, and miscellaneous rigs down by 1. International rigs increased by 17 to 1,284 rigs for the month of September, an increase of 30 rigs from the same month one year ago.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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