The number of active oil and natural gas rigs in the United States decreased 0.1% from 1,771 last week to 1,769 for the week ending February 28, 2014.  The count is some 0.7% above the year-ago level of 1,757.

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 decreased 0.1% from 632 last week to 626 this week, halting an eight-week, 140.3% increase that started at the beginning of the year.  The count is some 4.4% below the year-ago level of 655.

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.

The number of active oil and natural gas rigs in the United States reversed last week’s decrease, rebounding 0.4% from 1,764 last week to 1,771 for the week ending February 21, 2014.  The count is some 0.6% above the year-ago level of 1,761.

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 climbed for the eighth consecutive week, up 1.3% from 624 last week to 632 this week, and is still at the highest count since March 1, 2013.  The count has increased 140.3% since the beginning of the year, but is some 4.5% below the year-ago level of 662.

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.

The number of active oil and natural gas rigs in the United States decreased for the second week, down 0.4% from 1,771 last week to 1,764 for the week ending February 14, 2014.  The count is a mere 0.1% above the year-ago level of 1,762.

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 climbed for the seventh consecutive week, up 0.5% from 621 last week to 624 this week, and is still at the highest count since March 1, 2013.  The count has increased 137.3% since the beginning of the year, but is some 4.1% below the year-ago level of 651.

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.

The number of active oil and natural gas rigs in the United States increased 0.5% from 1,777 last week to 1,785 for the week ending January 31, 2014 and reached the highest count since August 16, 2013.  The count is some 1.2% above the year-ago level of 1,764.

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 fifth consecutive week, up 3.1% from 590 last week to 608 this week, and remaining at the highest count since March 1, 2013.  The count increased 131.2% over the month of January, but is some 2.7% below the year-ago level of 625.

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.