The number of active oil and natural gas rigs in the United States decreased 0.8% from last week’s five-month high of 1,785 to 1,771 for the week ending February 7, 2014. Despite the decrease, the count is some 0.7% above the year-ago level of 1,759.
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 sixth consecutive week, up 2.1% from 608 last week to 621 this week, and remains at the highest count since March 1, 2013. The count has increased 136.1% since the beginning of the year, but is some 1.6% below the year-ago level of 631.
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.





