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    Analysis

    February 6, 2015

    Active Gas & Oil Rig Count: Another 87 Rigs Lost Last Week

    Written by Brett Linton

    According to Baker Hughes data from February 6th, 2015, the U.S rig count for this week is 1,456 rigs exploring for or developing oil or natural gas. This count is a decrease of 87 rigs when compared to last week, with oil rigs down 83 to 1,140 rigs, gas rigs down 5 to 314 rigs, and miscellaneous rigs up 1 to 2 rigs. Compared to last year the 1,456 count is a decrease of 315 rigs, with oil rigs down by 276, gas rigs down by 37, and miscellaneous rigs down by 2.

    The Canadian rig count decreased by 13 to 381 rigs this week, with oil rigs down 16 to 184 rigs and gas rigs up 3 to 197 rigs. Compared to last year the 381 count is a decrease of 240 rigs, with oil rigs down by 225 and gas rigs down by 15. International rigs decreased by 55 to 1,258 rigs for the month of January, a decrease of 67 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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