Steel Market Intelligence » fracking

June OCTG Prices Post Surprising Uptick; Further Upward Momentum Limited

Steel Market Intelligence — Thu, 27 Jun 2013 00:42:59 +0000

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According to Pipe Logix, June OCTG prices rose 0.3% (or $5/ton) to $1,670/ton, bringing an end to 14 consecutive monthly declines. The surprising increase was driven by…

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U.S. Rig Count Declines, Canadian Rig Count Posts Fourth Consecutive Increase

Steel Market Intelligence — Mon, 10 Jun 2013 16:28:23 +0000

The number of active oil and natural gas rigs in the United States fell to 1,765 for the week ending June 7, 2013, a 0.3% decline from last week’s 1,771 and some 11.0% below the year-ago level of 1,984.

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 fourth consecutive week, rising 4.8% to 152 from 145 the week before. However, rigs are a whopping 33.9% below the year-ago level of 230.

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.

May OCTG Prices Fall to Lowest Since March 2010

Steel Market Intelligence — Thu, 30 May 2013 16:17:21 +0000

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According to Pipe Logix, May OCTG prices declined 1.0% (or $16/ton) to $1,665/ton, the lowest since March 2010 and some 13.1% below the recent high of $1,916/ton in …

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U.S. Rig Count Posts Largest Jump in over 2 Years

Steel Market Intelligence — Fri, 15 Mar 2013 19:29:37 +0000

The number of active oil and natural gas rigs in the United States rose by 24 to 1,776 for the week ending March 15, 2013 – up 1.4% from last week – the largest weekly percentage increase since December 2011 – but still down 10.5% 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 fell 13.3% this week, coming in at 503 from 580 last week and down 2.7% 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 Down for 3rd Week; Canada Plunges

Steel Market Intelligence — Fri, 08 Mar 2013 18:31:48 +0000

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.

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 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 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.