Steel Market Intelligence » drill pipe

U.S. Rig Count Slips; Canada Continues Climb

Steel Market Intelligence — Fri, 08 Feb 2013 19:27:25 +0000

The number of active oil and natural gas rigs in the United States fell by 5 to 1,759 for the week ending February 8, 2013 – down 0.3% from last week and 11.6% from last year but still up 0.6% from the nearly 2-year low a month 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 rose for the 6^th straight week, rising by by 1.0% to 631 from 625 last week but was still down 11.0% 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.

U.S. Rig Count Plunges to Lowest Level Since April 2011

Steel Market Intelligence — Fri, 02 Nov 2012 20:35:40 +0000

The number of active oil and natural gas rigs in the United States fell by 26 to 1,800 for the week ending November 2, 2012, down 1.4% from the previous week and down some 11.2% 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 rose 3.5% to 383 from 370 last week, but was 19.5% below the year-ago level.

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.

U.S. Rig Count Falls to the Lowest Level in a Year and a Half

Steel Market Intelligence — Mon, 29 Oct 2012 19:54:10 +0000

The number of active oil and natural gas rigs in the United States fell by 13 to 1,826 for the week ending October 26, 2012, down 0.7% from the previous week and down some 9.6% 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 rose 4.2% to 370 from 355 last week, and was 25.9% below the year-ago level.

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.

U.S. Rig Count Falls for 8th Straight Week; Hits 16-Month Low

Steel Market Intelligence — Fri, 05 Oct 2012 19:30:19 +0000

The number of active oil and natural gas rigs in the United States fell by 11 to 1,837 for the week ending October 5, 2012, down 0.6% from the previous week and 8.7% from a year-ago – reaching the lowest level since May 2011.

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 fell 3.6% to 372 from 359 last week and remained some 28.7% below the year-ago level.

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.

U.S. Rig Count Falls Again, Canada Slips

Steel Market Intelligence — Mon, 01 Oct 2012 15:06:16 +0000

The number of active oil and natural gas rigs in the United States fell by 11 to 1,848 for the week ending September 21, 2012, down 0.6% from the previous week and 7.1% from a year-ago – reaching the lowest level since May 2011.

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 fell 1.1% to 359 from 363 last week, after having posted 3 consecutive weekly increases – the count remained some 29.6% below the year-ago level.

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.