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    Analysis

    August 29, 2014

    Active Oil and Gas Rigs Increase in US and Canada

    Written by Brett Linton

    According to Baker Hughes data from August 29th 2014, the U.S rig count for this week is 1,914 rigs exploring for or developing oil or natural gas. This count is an increase of 18 rigs when compared to last week, with oil rigs up 11 to 1,575 rigs, gas rigs up 8 to 338 rigs, and miscellaneous rigs down 1 to 1 rig. Compared to last year the 1,914 count is an increase of 138 rigs, with oil rigs up by 187 gas rigs down by 42, and miscellaneous rigs down by 7.

    The Canadian rig count increased by 4 to 409 rigs this week, with oil rigs down 5 to 231 rigs and gas rigs up 9 to 178 rigs. Compared to last year the 409 count is an increase of 10 rigs, with oil rigs down by 25 and gas rigs up by 35. International rigs increased by 38 to 1,382 rigs for the month of July, an increase of 77 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.

    Read more from Brett Linton

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