Posts Tagged: ‘WTI’

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.

U.S. Rig Count Drops for 5th Straight Week; Canada Sees Usual Year-End Plunge

December 31, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell for the fifth straight week – declining by 11 to a 22-month low of 1,763 for the week ending December 28, 2012 – down 0.6% 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 year-end plunge – down 46.9% to 204 from 384 last week, and some 7.7% 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.

 

U.S. and Canadian Rig Counts Drop

December 21, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell for the fourth straight week – declining by 25 to a 22-month low of 1,774 for the week ending December 21, 2012 – down 1.4% from last week and 11.7% 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 also fell – down 8.2% to 384 from 418 last week, and some 5.4% 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.

 

U.S. Rig Count Down Marginally; Canada Up Again

December 14, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell again this week – declining by 1 to a 19-month low of 1,799 for the week ending December 14, 2012 – down 0.1% from last week and 10.9% 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 rose for the fifth consecutive week – up 3.0% to 418 from 406 last week, but some 21.3% 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.

U.S. Rig Count Drops Back to 1800

December 7, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell again this week – declining by 11 to a 19-month low of 1,800 for the week ending December 7, 2012 – down 0.6% from last week and 9.4% 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 rose for the fourth consecutive week – up 1.8% to 406 from 399 last week, but 19.4% 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.

U.S. Rig Count Falls After 3 Weeks of Increases

December 3, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell for the first time in a month – declining by 6 to 1,811 for the week ending November 30, 2012 – down 0.3% from last week and 9.1% 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 rose for the third straight week – up 3.1% to 399 from 387 last week, but was 17.6% 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.

U.S. Rig Count Recovers Slightly from 18-Month Low

November 9, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States rose by 6 to 1,806 for the week ending November 9, 2012, up 0.3% from the previous week but down some 10.4% 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 fell 3.5% to 370 from 383 last week, and was 26.0% 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.

U.S. Rig Count Plunges to Lowest Level Since April 2011

November 2, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell by 26 to 1,800 for the week ending November 2, 2012, down 1.4% from the previous week and down some 11.2% 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 rose 3.5% to 383 from 370 last week, but was 19.5% 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.

 

U.S. Rig Count Stops the Bleeding After 9 Weeks of Decline

October 19, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States rose by 4 to 1,839 for the week ending October 19, 2012, up 0.2% from the previous week but down some 8.6% 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 fell 1.6% to 355 from 361 last week, and was 28.6% 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.

U.S. Rig Count Falls for 8th Straight Week; Hits 16-Month Low

October 5, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell by 11 to 1,837 for the week ending October 5, 2012, down 0.6% from the previous week and 8.7% from a year-ago – reaching the lowest level since May 2011.

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 3.6% to 372 from 359 last week and remained some 28.7% 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.