Steel Market Intelligence » NGLs

U.S. Rig Count Falls; Canada Ends Climb

Steel Market Intelligence — Mon, 04 Mar 2013 14:59:06 +0000

The number of active oil and natural gas rigs in the United States fell by 4 to 1,757 for the week ending March 1, 2013 – down 0.2% from last week and 11.7% from last year but still up 0.5% from the nearly 2-year low on January 18.

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% this week, after 8 consecutive weekly increases, coming in at 655 from 662 last week and down 3.8% 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 Falls Marginally; Canada Continues Climb

Steel Market Intelligence — Fri, 22 Feb 2013 21:20:37 +0000

The number of active oil and natural gas rigs in the United States fell by 1 to 1,761 for the week ending February 22, 2013 – down 0.1% from last week and 11.1% from last year but still up 0.7% 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 8^th straight week, rising by by 1.7% to 662 from 651 last week but was still down 5.6% 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 Rises Slightly; Canada Continues Climb

Steel Market Intelligence — Fri, 15 Feb 2013 20:52:30 +0000

The number of active oil and natural gas rigs in the United States rose by 3 to 1,762 for the week ending February 15, 2013 – up 0.2% from last week and 0.7% from the nearly 2-year low a month ago but down 11.6% from last year.

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 7^th straight week, rising by by 3.2% to 651 from 631 last week but was still down 7.7% 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 Climbs for the Second Straight Week

Steel Market Intelligence — Fri, 01 Feb 2013 20:02:43 +0000

The number of active oil and natural gas rigs in the United States rose for the second straight week – climbing by 11 to 1,764 for the week ending February 1, 2013 – up 0.6% from last week and 0.9% from the nearly 2-year low 3 weeks ago, but down 11.7% from last year.

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 a rise of 0.6% to 625 from 621 last week but was still down 12.0% 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 Falls for 8th Straight Week; Canada Climbs

Steel Market Intelligence — Tue, 22 Jan 2013 14:28:07 +0000

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.

U.S. Rig Count Down Marginally; Canada Up Again

Steel Market Intelligence — Fri, 14 Dec 2012 18:43:55 +0000

The number of active oil and natural gas rigs in the United States fell again this week – declining by 1 to a 19-month low of 1,799 for the week ending December 14, 2012 – down 0.1% from last week and 10.9% 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 rose for the fifth consecutive week – up 3.0% to 418 from 406 last week, but some 21.3% 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.