Market Data
July 21, 2017
Active Rig Counts Continue to Surpass 2016 Levels
Written by Brett Linton
Data from July 7, 2017, shows the U.S. rig count for the week was 950 rigs exploring for or developing oil or natural gas, reports oilfield services company Baker Hughes, Inc. This is down 2 rigs compared to last week, with oil rigs down 1 to 764 rigs, gas down 1 to 186 rigs, and miscellaneous rigs unchanged at 0 rigs. Compared to this time last year, the 950 count is up 488 rigs, with oil rigs up 393, gas rigs up 98, and miscellaneous rigs down 3.
The Canadian rig count increased by 15 to 206 rigs this past week, with oil rigs up 12 to 118 rigs, gas rigs up 3 to 88 rigs, and miscellaneous rigs unchanged at 0 rigs. Compared to last year, the 206 count is up 104 rigs, with oil rigs up 70, gas rigs up 35, and miscellaneous rigs down 1.
