Posts Tagged: ‘Natural Gas Production’

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.

U.S. Rig Count Drops for 5th Straight Week; Canada Sees Usual Year-End Plunge

December 31, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell for the fifth straight week – declining by 11 to a 22-month low of 1,763 for the week ending December 28, 2012 – down 0.6% 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 year-end plunge – down 46.9% to 204 from 384 last week, and some 7.7% 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. and Canadian Rig Counts Drop

December 21, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell for the fourth straight week – declining by 25 to a 22-month low of 1,774 for the week ending December 21, 2012 – down 1.4% from last week and 11.7% 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 also fell – down 8.2% to 384 from 418 last week, and some 5.4% 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 Drops Back to 1800

December 7, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell again this week – declining by 11 to a 19-month low of 1,800 for the week ending December 7, 2012 – down 0.6% from last week and 9.4% 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 fourth consecutive week – up 1.8% to 406 from 399 last week, but 19.4% 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.