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    Analysis

    January 23, 2015

    Active Gas & Oil Rigs Down Across the Board

    Written by Brett Linton

    According to Baker Hughes data from January 23rd, 2015, the U.S rig count for this week is 1,633 rigs exploring for or developing oil or natural gas. This count is a decrease of 43 rigs when compared to last week, with oil rigs down 49 to 1,317 rigs, gas rigs up 6 to 316 rigs, and miscellaneous rigs unchanged at 0 rigs. Compared to last year the 1,633 count is a decrease of 144 rigs, with oil rigs down by 99, gas rigs down by 40, and miscellaneous rigs down by 5.

    The Canadian rig count decreased by 8 to 432 rigs this week, with oil rigs down 11 to 223 rigs and gas rigs up 3 to 209 rigs. Compared to last year the 432 count is a decrease of 158 rigs, with oil rigs down by 171 and gas rigs up by 13. International rigs decreased by 11 to 1,313 rigs for the month of December, a decrease of 22 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.

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