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    Analysis

    April 18, 2014

    US and Canadian Rig Counts: Up 73 over Last Year

    Written by Brett Linton

    According to Baker Hughes data from April 17th, 2014, the U.S rig count for this week is 1,831 rigs exploring for or developing oil or natural gas. This count is unchanged when compared to last week, with oil rigs down 7 to 1,510 rigs, gas rigs up 6 to 316 rigs, and miscellaneous rigs up 1 to 5 rigs. Compared to last year the 1,831 count is an increase of 73 rigs, with oil rigs up by 139, gas rigs down by 63, and miscellaneous rigs down by 3.

    The Canadian rig count decreased by 13 to 199 rigs this week, following the seasonal trend associated with Canadian drill rigs. Oil rigs are down 8 to 85 rigs and gas rigs down 5 to 114 rigs. Compared to last year the 199 count is an increase of 73 rigs, with oil rigs up by 20 and gas rigs up by 53. 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.

    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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