The number of active oil and natural gas rigs in the United States decreased 0.3% from last week’s sixteen-month high of 1,809 to 1,803 for the week ending March 21, 2014.  The count is still some 3.3% above the year-ago level of 1,746.

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 for the fourth consecutive week, dropping 25.5% from 522 last week to 389 this week, which is an eleven-week low.  Despite the fall, the count is some 15.4% above the year-ago level of 337.

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 0.9 % from 1,792 last week to 1,809 for the week ending March 14, 2014, reaching the highest count since November 30, 2012.  The count is some 1.9% above the year-ago level of 1,776.

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 for the third consecutive week, down 11.1% from 587 last week to 522 this week, dropping to a two-month low.  Despite the fall, the count is some 16.7% above the year-ago level of 503.

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 1.3 % from 1,769 last week to 1,792 for the week ending March 7, 2014, reaching the highest count since December 14, 2012.  The count is some 2.3% above the year-ago level of 1,752.

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 6.2% from 626 last week to 587 this week, falling for a second time after an eight-week climb.  Despite the fall, the count is some 1.2% above the year-ago level of 580.

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.