US & Canadian Rig Counts Continue to Grow

According to Baker Hughes data from December 13^th, 2013, the U.S rig count for this week is 1,782 rigs exploring for or developing oil or natural gas. This count is an increase of 7 rigs when compared to last week, with oil rigs up 14 to 1,411 rigs, gas rigs down 6 to 369 rigs, and miscellaneous rigs down 1 to 2 rigs. Compared to last year the 1,782 count is a decrease of 17 rigs, with oil rigs up by 30, gas rigs down by 47, and miscellaneous rigs unchanged.

The Canadian rig count increased by 24 to 426 rigs this week, with oil rigs up 25 to 255 rigs, and gas rigs down 1 to 171 rigs. Compared to last year the 426 count is an increase of 8 rigs, with oil rigs down by 34 and gas rigs up by 42. International rigs decreased by 4 to 1,311 rigs for the month of November, an increase of 44 rigs from the same month one year ago.