Steel Market Intelligence » Natural Gas Liquids

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.

U.S. and Canadian Rig Counts Drop

Steel Market Intelligence — Fri, 21 Dec 2012 20:48:28 +0000

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 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 Falls for 8th Straight Week; Hits 16-Month Low

Steel Market Intelligence — Fri, 05 Oct 2012 19:30:19 +0000

The number of active oil and natural gas rigs in the United States fell by 11 to 1,837 for the week ending October 5, 2012, down 0.6% from the previous week and 8.7% from a year-ago – reaching the lowest level since May 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 fell 3.6% to 372 from 359 last week and remained some 28.7% 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.