• Skip to main content

    Canada

    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.

    Read more from Brett Linton

    Latest in Canada

    USW president says trade conflict hurting workers in US, Canada

    United Steelworkers (USW) International President Roxanne Brown urged US and Canadian trade representatives to reach an agreement that puts working families first. Her words come as trade talks between the two nations remain at an impasse, and escalating tensions have led to new tariffs on both sides. “This conflict is hurting jobs. It’s hurting facilities. It’s hurting communities. And it’s creating uncertainty for workers and families in both countries,” Brown said at a press event on Tuesday.

    Galvanized buyers report severe supply strain

    Service centers and manufacturers on the Sept. 15 HARDI Sheet Metal and Air Handling Council call described a tight, seller-driven market. Lead times are long, deliveries are late, inventories are thin, imports are down, and demand is strong, causing a shortage of galvanized material. SMU regularly joins the council’s meetings to discuss the galvanized sheet market. Participants — members of Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) — are wholesalers, service centers, distributors, and manufacturers who buy or sell galvanized steel.