Market Data
March 17, 2017
Active Gas & Oil Rig Counts in March
Written by Brett Linton
According to Baker Hughes data from March 17, 2017, the U.S rig count for the week was 789 rigs exploring for or developing oil or natural gas. This is up 21 rigs compared to last week, with oil rigs up 14 to 631 rigs, gas rigs up 6 to 157 rigs, and miscellaneous rigs up 1 to 1 rig. Compared to this time last year, the 789 count is up 313 rigs, with oil rigs up 244, gas rigs up 68, and miscellaneous rigs up 1.
The Canadian rig count decreased by 39 to 276 rigs this past week, with oil rigs down 31 to 149 rigs, gas rigs down 10 to 125 rigs, and miscellaneous rigs up 2 to 2 rigs. Compared to last year the 276 count is up 207 rigs, with oil rigs up 137, gas rigs up 68, and miscellaneous rigs up 2. International rigs increased by 8 to 941 rigs for the month of February, a decrease of 77 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.
