U.S. Rig Count Down Nominally while Canada Climbs

January 4, 2013 Posted by Steel Market Intelligence

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Current day month ye@r *