Analysis
May 9, 2015
US and Canadian Rig Counts Continued to Tumble
Written by Brett Linton
According to Baker Hughes data from May 10th, 2015, the U.S rig count for the week was 894 rigs exploring for or developing oil or natural gas. The last time the active U.S. count was this low was back on June 12, 2009 at 876 rigs.
This week’s total rig count is down 11 rigs when compared to last week, with oil rigs down 11 to 668 rigs, gas rigs down 1 to 221 rigs, and miscellaneous rigs up 1 to 5 rigs. Compared to this time last year, the 894 count is down 961 rigs, with oil rigs down by 860, gas rigs down by 102, and miscellaneous rigs up by 1.
