Posts Tagged: ‘shale’

U.S. Rig Count Down for 3rd Week; Canada Plunges

March 8, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell by 5 to 1,752 for the week ending March 8, 2013 – down 0.2% from last week and 11.2% from last year, hovering above the nearly two year low of 1749 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 11.5% this week, coming in at 580 from 655 last week and down 11.5% 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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U.S. Rig Count Falls; Canada Ends Climb

March 4, 2013 Posted by Steel Market Intelligence

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.

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Random Thoughts from Recent Steel Investor Calls

February 26, 2013 Posted by Steel Market Intelligence

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Important points from recent company investor calls, including Rio Tinto, BlueScope Steel, Usiminas, BHP Billiton, Vallourec and TMS International include: …more 

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U.S. Rig Count Falls Marginally; Canada Continues Climb

February 22, 2013 Posted by Steel Market Intelligence

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 8th 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.

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U.S. Rig Count Rises Slightly; Canada Continues Climb

February 15, 2013 Posted by Steel Market Intelligence

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 7th 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.

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U.S. Rig Count Slips; Canada Continues Climb

February 8, 2013 Posted by Steel Market Intelligence

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 6th 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.

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January OCTG Prices Keep Up the Slow Decline

January 31, 2013 Posted by Steel Market Intelligence

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According to Pipe Logix, January OCTG prices continued lower, dropping by 0.6% or $11/ton from December. The January price of $1,720/ton was the lowest in two years and…more

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U.S. Rig Count Falls for 8th Straight Week; Canada Climbs

January 22, 2013 Posted by Steel Market Intelligence

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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U.S. Rig Count Down Nominally; Canada Shows Biggest Jump in Over 13 Years

January 11, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell for the seventh straight week – declining by 1 to a 22-month low of 1,761 for the week ending January 11, 2013 – down 0.1% from last week and 11.3% 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 a massive jump of 105.8% to 531 from 258 last week – the biggest jump in over 13 years and well above the 44.0% average jump for the second week in January.

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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U.S. Rig Count Down Nominally while Canada Climbs

January 4, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell for the sixth straight week – declining by 1 to a 22-month low of 1,762 for the week ending January 4, 2013 – down 0.1% from last week and 12.2% 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 showed its usual first week jump – climbing 26.5% to 258 from 204 last week, and some 28.5% 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.

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