Analysis
July 11, 2014
Active Oil and Gas Rigs in Mid-July
Written by Brett Linton
According to Baker Hughes data from July 11th, 2014, the U.S rig count for this week is 1,875 rigs exploring for or developing oil or natural gas. This count is an increase of 1 rig when compared to last week, with oil rigs up 1 to 1,563 rigs, gas rigs unchanged at 311 rigs, and miscellaneous rigs unchanged at 1 rig. Compared to last year the 1,875 count is an increase of 116 rigs, with oil rigs up by 172, gas rigs down by 51, and miscellaneous rigs down by 5.
The Canadian rig count increased by 6 to 315 rigs this week, with oil rigs down 12 to 178 rigs and gas rigs up 18 to 137 rigs. Compared to last year the 315 count is an increase of 21 rigs, with oil rigs down by 23 and gas rigs up by 44. International rigs decreased by 6 to 1,344 rigs for the month of June, an increase of 11 rigs from the same month one year ago. For a history of both the US and Canadian rig count click here.
