Analysis
May 30, 2014
Active Oil and Gas Rig Counts on the Rise
Written by Brett Linton
According to Baker Hughes data from May 30th, 2014, the U.S rig count for this week is 1,866 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 8 to 1,536 rigs, gas rigs up 1 to 326 rigs, and miscellaneous rigs unchanged at 4 rigs. Compared to last year the 1,866 count is an increase of 95 rigs, with oil rigs up by 126, gas rigs down by 28, and miscellaneous rigs down by 3.
The Canadian rig count increased by 44 to 198 rigs this week, with oil rigs up 40 to 105 rigs and gas rigs up 4 to 93 rigs. Compared to last year the 198 count is an increase of 53 rigs, with oil rigs up by 16 and gas rigs up by 37. International rigs increased by 4 to 1,349 rigs for the month of April, 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.
