US Rig Count Still Declining as Canada Stabilizes

According to Baker Hughes data from June 5, 2015, the U.S rig count for the week was 868 rigs exploring for or developing oil or natural gas. The last time the active U.S. count was this low was back on January 24, 2003 at 862 rigs.

This week’s total rig count is down 7 rigs when compared to last week, with oil rigs down 4 to 642 rigs, gas rigs down 3 to 222 rigs, and miscellaneous rigs unchanged at 4 rigs. Compared to this time last year, the 868 count is down 992 rigs, with oil rigs down by 894, gas rigs down by 98, and miscellaneous rigs unchanged.

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.