Analysis
July 18, 2014
Active Oil and Gas Rig Count: US Down, Canada Up
Written by Brett Linton
According to Baker Hughes data from July 18th, 2014, the U.S rig count for this week is 1,871 rigs exploring for or developing oil or natural gas. This count is a decrease of 4 rigs when compared to last week, with oil rigs down 9 to 1,554 rigs, gas rigs up 4 to 315 rigs, and miscellaneous rigs up 1 to 2 rigs. Compared to last year the 1,871 count is an increase of 101 rigs, with oil rigs up by 159, gas rigs down by 54, and miscellaneous rigs down by 4.
The Canadian rig count increased by 66 to 381 rigs this week, with oil rigs up 48 to 226 rigs and gas rigs up 18 to 155 rigs. Compared to last year the 381 count is an increase of 57 rigs, with oil rigs up by 12 and gas rigs up by 45. 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.
