Posts Tagged: ‘steel pipe’

U.S. Rig Count Stops the Bleeding After 9 Weeks of Decline

October 19, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States rose by 4 to 1,839 for the week ending October 19, 2012, up 0.2% from the previous week but down some 8.6% 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 fell 1.6% to 355 from 361 last week, and was 28.6% 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.

U.S. Rig Count Falls Further, Canada Rises Again

September 21, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell by 5 to 1,859 for the week ending September 21, 2012, down 0.3% from the previous week and 6.6% below the year-ago level – remaining at the lowest level since June 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 increased for the third consecutive week, rising 2.5% to 363 from 354 last week, but remained some 28.1% 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.