Steel Market Intelligence » Bakken Shale http://www.michelleapplebaum.com/blog Analytical Steel Industry Expertise Wed, 09 Apr 2014 19:25:37 +0000 en-US hourly 1 U.S. Rig Count Falls for 8th Straight Week; Canada Climbs http://www.michelleapplebaum.com/blog/?p=3805 http://www.michelleapplebaum.com/blog/?p=3805#comments Tue, 22 Jan 2013 14:28:07 +0000 http://www.michelleapplebaum.com/blog/?p=3805 The number of active oil and natural gas rigs in the United States fell for the eighth straight week – declining by 12 to a 22-month low of 1,749 for the week ending January 18, 2013 – down 0.7% from last week and 12.9% from a year ago.

The highest weekly rig count in the United States since 1940 was recorded on December 28, 1981, at 4,530; the lowest was recorded on April 23, 1999, at 488.

The number of rigs in Canada showed jump of 13.2% to 601 from 531 last week but was still down 8.1% from last year.

The highest rig count for Canada was 727 on February 3, 2006; the lowest was 29, recorded on April 24, 1992.

Source: Baker Hughes Inc.

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