Steel Market Intelligence » Natural Gas

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

Steel Market Intelligence — Fri, 11 Jan 2013 20:15:17 +0000

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.

U.S. Rig Count Down Nominally while Canada Climbs

Steel Market Intelligence — Fri, 04 Jan 2013 23:07:38 +0000

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.

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.

U.S. Rig Count Moves Up for Second Week

Steel Market Intelligence — Fri, 16 Nov 2012 23:25:19 +0000

The number of active oil and natural gas rigs in the United States rose by 3 to 1,809 for the week ending November 16, 2012, up 0.2% from the previous week but down some 9.6% 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 rose 3.8% to 384 from 370 last week, but was 21.1% 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.

U.S. Rig Count Flat, Canada Moves Up Again

Steel Market Intelligence — Fri, 14 Sep 2012 20:56:04 +0000

The number of active oil and natural gas rigs in the United States remained at 1,864 for the week ending September 14, 2012 and was 6.1% below the year-ago level – remaining at the lowest levels 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 this week by 2.6% to 354 compared with 345 last week but was down 29.5% from 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.