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    Analysis

    May 9, 2014

    Active Oil and Gas Rig Counts Remain Above 2013 Levels

    Written by Brett Linton

    According to Baker Hughes data from May 9th, 2014, the U.S rig count for this week is 1,855 rigs exploring for or developing oil or natural gas. This count is an increase of 1 rigs when compared to last week, with oil rigs up 1 to 1,528 rigs, gas rigs unchanged at 323 rigs, and miscellaneous rigs unchanged at 4 rigs. Compared to last year the 1,855 count is an increase of 86 rigs, with oil rigs up by 116, gas rigs down by 27, and miscellaneous rigs down by 3.

    The Canadian rig count decreased by 18 to 145 rigs this week, following the seasonal trend associated with Canadian drill rigs. Oil rigs are down 13 to 54 rigs and gas rigs are down 5 to 91 rigs. Compared to last year the 145 count is an increase of 27 rigs, with oil rigs down by 11 and gas rigs up by 38. International rigs increased by 4 to 1,349 rigs for the month of March, an increase of 48 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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