Analysis
April 6, 2014
US and Canadian Rig Counts for Early-April
Written by Brett Linton
According to Baker Hughes data from April 4th, 2014, the U.S rig count for this week is 1,818 rigs exploring for or developing oil or natural gas. This count is an increase of 9 rigs when compared to last week, with oil rigs up 11 to 1,498 rigs, gas rigs down 2 to 316 rigs, and miscellaneous rigs unchanged at 4 rigs. Compared to last year the 1,818 count is an increase of 80 rigs, with oil rigs up by 141, gas rigs down by 59, and miscellaneous rigs down by 2.
The Canadian rig count decreased by 63 to 235 rigs this week, following the seasonal trend associated with Canadian drill rigs. Oil rigs are down 45 to 110 rigs and gas rigs down 18 to 125 rigs. Compared to last year the 235 count is an increase of 29 rigs, with oil rigs down by 7 and gas rigs up by 36. International rigs increased by 16 to 1,341 rigs for the month of February, an increase of 66 rigs from the same month one year ago. For a history of both the US and Canadian rig count click here.
