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    March 31, 2017

    Rig Counts: US Increasing, Canada Decreasing

    Written by Brett Linton

    According to Baker Hughes data from March 31, 2017, the U.S rig count for the week was 824 rigs exploring for or developing oil or natural gas. This is up 15 rigs compared to last week, with oil rigs up 10 to 662 rigs, gas rigs up 5 to 160 rigs, and miscellaneous rigs unchanged at 2 rigs. Compared to this time last year, the 824 count is up 374 rigs, with oil rigs up 300, gas rigs up 72, and miscellaneous rigs up 2.

    The Canadian rig count decreased by 30 to 155 rigs this past week, with oil rigs down 15 to 55 rigs, gas rigs down 14 to 100 rigs, and miscellaneous rigs down 1 to 0 rigs. Compared to last year the 155 count is up 106 rigs, with oil rigs up 44, gas rigs up 62, and miscellaneous rigs unchanged. 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.

    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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