Posts Tagged: ‘oil supply’

U.S. Rig Count Remains at Seven-Month Low, Canadian Count Increases

October 28, 2013 Posted by Steel Market Intelligence

 The number of active oil and natural gas rigs in the United States decreased 0.1% from 1,739 to 1,738 for the week ending October 28, 2013, staying at the lowest count since April 5, 2013.  The count is also some 4.8% below the year-ago level of 1,826.

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 second consecutive week, up 4.1% from 388 to 404 this week.  The count is also some 9.2% above the year-ago level of 370.

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 to Six-Month Low, Canadian Count Also Falls

October 14, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States decreased 0.7% from 1,756 to 1,743 for the week ending October 11, 2013, falling to the lowest count since April 5, 2013.  The count is also some 5.0% below the year-ago level of 1,835.

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 dropped for the second consecutive week, down 1.1% from 361 to 357 this week.  The count is also some 1.1% below the year-ago level of 361.

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 Climbs from Six-Month Low, Canadian Count Drops

October 7, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States increased 0.7% from 1,744 to 1,756 for the week ending October 4, 2013, climbing from last week’s six-month low.  Despite the increase, the count is still some 4.4% below the year-ago level of 1,837.

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 dropped 7.4% from 390 to 361 this week, the largest decrease since April 19. 2013.  The count is also some 3.0% below the year-ago level of 372.

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 to Six-Month Low, Canadian Count Increases Slightly

October 1, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States decreased 1.0% from 1,761 to 1,744 for the week ending September 27, 2013, falling to the lowest count since April 5, 2013.  The count is also some 5.6% below the year-ago level of 1,848.

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 0.5% from 388 to 390 this week.  The count is also some 8.6% above the year-ago level of 359.

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 to Two-Month Low, Canadian Count Bounces Back Up

September 23, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States decreased 0.4% from 1,768 to 1,761 for the week ending September 20, 2013, falling to the lowest count since July 12, 2013.  The count is also some 5.3% below the year-ago level of 1,859 mt.

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 2.1% from 380 back up to 388 this week.  The count is also some 6.9% above the year-ago level of 363.

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 Increases Slightly, Canadian Count Decreases for Second Week

September 16, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States increased 0.1% from 1,767 to 1,768 for the week ending September 13, 2013, climbing slightly from last week’s two-month low.  The count is also some 5.2% below the year-ago level of 1,864.

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 2.3% from 389 to 380 this week, falling for a second week after a sixteen-week climb.  Despite the decrease, the count is still some 7.3% above the year-ago level of 354.

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., Canadian Weekly Rig Counts Decrease

September 9, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States decreased 0.5% from 1,776 to 1,767 for the week ending September 9, 2013, falling to a two-month low.  The count is also some 5.2% below the year-ago level of 1,864.

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 first time in sixteen weeks, falling 2.5% from 399 to 389 this week.  Despite the decrease, the count is still some 12.8% above the year-ago level of 345.

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 Unchanged, Canadian Count Climbs but Remains at Five-Month High

September 3, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States remained at 1,776 for the week ending August 30, 2013.  The count is still some 6.2% below the year-ago level of 1,894.

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 4.2% to 399 this week, climbing for the fifteenth consecutive week, and maintaining the highest count since March 15, 2013.  The count is also some 26.3% above the year-ago level of 316.

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 From Eight-Month High, Canadian Count Remains at Five-Month High

August 26, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States decreased 0.8% to 1,776 for the week ending August 23, 2013, falling from 1,791 last week, which was the highest count since December 14, 2012.  The count is also some 6.4% below the year-ago level of 1,898.

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 7.0% to 383 this week, maintaining the highest count since March 22, 2013.  The count is also some 14.7% above the year-ago level of 334.

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 Hits Eight-Month High, Canadian Count Remains at Five-Month High

August 19, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States increased 0.7% from last week’s 1,778 to 1,791 for the week ending August 16, 2013, reaching the highest count since December 14, 2012.  Despite the climb, the count is some 6.4% below the year-ago level of 1,914.

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 remained at 358 this week, which is still the highest count since March 22, 2013.  The count is also some 9.8% above the year-ago level of 326.

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.