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    September 9, 2016

    Active Gas & Oil Rig Counts: US Up, Canada Down

    Written by Brett Linton

    According to Baker Hughes data from September 9, 2016, the U.S rig count for the week was 508 rigs exploring for or developing oil or natural gas. This is up 11 rigs compared to last week, with oil rigs up 7 to 414 rigs, gas rigs up 4 to 92 rigs, and miscellaneous rigs unchanged at 2 rigs. Compared to this time last year, the 508 count is down 340 rigs, with oil rigs down 238, gas rigs down 104, and miscellaneous rigs up 2.

    The Canadian rig count decreased by 3 to 134 rigs this past week, with oil rigs down 3 to 74 rigs, gas rigs down 1 to 59 rigs, and miscellaneous rigs up 1 to 1 rig. Compared to last year the 134 count is a decrease of 51 rigs, with oil rigs up 4, gas rigs down 56, and miscellaneous rigs up 1. International rigs increased by 1 to 937 rigs for the month of August, a decrease of 200 rigs from the same month one year ago. For a history of both the US and Canadian rig count, visit the Steel Market Update website 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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