U.S. Rig Count Ticks Higher, Canadian Rig Count Continues to Climb

June 17, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States rose to 1,771 for the week ending June 14, 2013, increasing 0.3% from last week’s 1,765, but is still some 10.0% below the year-ago level of 1,971.

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, jumping 15.8% from 152 to 176 this week.  Despite the increase, the count is still 29.0% below the year-ago level of 248.

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.

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