Analysis
April 11, 2014
US and Canadian Rig Counts: Up 50-60 over Last Year
Written by Brett Linton
According to Baker Hughes data from April 11th, 2014, the U.S rig count for this week is 1,831 rigs exploring for or developing oil or natural gas. This count is an increase of 13 rigs when compared to last week, with oil rigs up 19 to 1,517 rigs, gas rigs down 6 to 310 rigs, and miscellaneous rigs unchanged at 4 rigs. Compared to last year the 1,831 count is an increase of 60 rigs, with oil rigs up by 130, gas rigs down by 67, and miscellaneous rigs down by 3.
The Canadian rig count decreased by 23 to 212 rigs this week, following the seasonal trend associated with Canadian drill rigs. Oil rigs are down 17 to 93 rigs and gas rigs down 6 to 119 rigs. Compared to last year the 212 count is an increase of 56 rigs, with oil rigs up by 10 and gas rigs up by 46. International rigs increased by 4 to 1,345 rigs for the month of March, an increase of 77 rigs from the same month one year ago. For a history of both the US and Canadian rig count click here.
