Analysis
June 27, 2014
Active Oil and Gas Rig Counts Mixed
Written by Brett Linton
According to Baker Hughes data from June 27th, 2014, the U.S rig count for this week is 1,873 rigs exploring for or developing oil or natural gas. This count is an increase of 15 rigs when compared to last week, with oil rigs up 13 to 1,558 rigs, gas rigs up 3 to 314 rigs, and miscellaneous rigs down 1 to 1 rig. Compared to last year the 1,873 count is an increase of 125 rigs, with oil rigs up by 168, gas rigs down by 39, and miscellaneous rigs down by 4.
The Canadian rig count decreased by 29 to 236 rigs this week, with oil rigs down 25 to 141 rigs and gas rigs down 4 to 95 rigs. Compared to last year the 236 count is an increase of 30 rigs, with oil rigs down by 7 and gas rigs up by 37. International rigs increased by 1 to 1,350 rigs for the month of May, an increase of 67 rigs from the same month one year ago. For a history of both the US and Canadian rig count click here.
