Canada
July 12, 2019
Active Gas & Oil Rig Counts Decline in US and Canada
Written by Brett Linton
The U.S. active rotary rig count, an indicator of oil country tubular goods demand, declined this week, according to oilfield services company Baker Hughes. The number of active U.S. rigs fell by 5 to 958, with oil rigs down 4, gas rigs down 2, and miscellaneous rigs up 1. Compared to this time last year, the 958 count is down 96 rigs, with oil rigs down 79, gas rigs down 17, and miscellaneous rigs unchanged. See the first graph below for a history of active U.S. rig counts.
The Canadian rig count fell by 3 to 117 rigs, with oil rigs up 5 and gas rigs down 8. Compared to last year, the 117 count is down 80 rigs, with oil rigs down 54 and gas rigs down 26. See the second graph below for a history of active Canadian rig counts.
