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    January 7, 2017

    Active Gas & Oil Rig Counts Increase for US and Canada

    Written by Brett Linton

    According to Baker Hughes data from January 6, 2017, the U.S rig count for the week was 665 rigs exploring for or developing oil or natural gas. This is up 7 rigs compared to last week, with oil rigs up 4 to 529 rigs, gas rigs up 3 to 135 rigs, and miscellaneous rigs unchanged at 1 rig. Compared to this time last year, the 665 count is up 1 rig, with oil rigs up 13, gas rigs down 13, and miscellaneous rigs up 1.

    The Canadian rig count increased by 48 to 205 rigs this past week, with oil rigs up 29 to 81 rigs, gas rigs up 23 to 123 rigs, and miscellaneous rigs down 4 to 1 rig. Compared to last year the 205 count is up 39 rigs, with oil rigs up 10, gas rigs up 28, and miscellaneous rigs up 1. International rigs increased by 5 to 925 rigs for the month of November, a decrease of 184 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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