Posts Tagged: ‘OCTG’

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.

U.S. Rig Count Declines, Canadian Rig Count Posts Fourth Consecutive Increase

June 10, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell to 1,765 for the week ending June 7, 2013, a 0.3% decline from last week’s 1,771 and some 11.0% below the year-ago level of 1,984.

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 fourth consecutive week, rising 4.8% to 152 from 145 the week before.  However, rigs are a whopping 33.9% below the year-ago level of 230.

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 Rises Slightly, Canadian Rig Count Increases for Third Week

June 5, 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 May 31, 2013, up 0.5% from last week’s count of 1,762 but 10.6% below the year-ago level of 1,980.

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 10.7% to 145, some 22.9% above the three-year low of 118.  Despite the climb, rigs are down 7.1% compared to last year’s count of 156.

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.

May OCTG Prices Fall to Lowest Since March 2010

May 30, 2013 Posted by Steel Market Intelligence

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According to Pipe Logix, May OCTG prices declined 1.0% (or $16/ton) to $1,665/ton, the lowest since March 2010 and some 13.1% below the recent high of $1,916/ton in …

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U.S. Rig Count Declines, Canadian Rig Count Continues Climb

May 29, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States declined to 1,762 for the week ending May 24, 2013, down 0.4% from last week’s count of 1,769 and 11.1% below the year-ago level of 1,983.

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 6.5% to 131, the second consecutive weekly increase.  Despite the uptick, the number is down 17.1% compared to last year’s 158.

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 Remains Steady, Canadian Rig Count Climbs from Three-Year Low

May 20, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States remained at 1,769 for the week ending May 17, 2013, but was still 10.9% below the year-ago level of 1,986.

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 4.2%, halting the eleven-week downslide and rising from the three-year low of 118 recorded last week.  The rig count is at the same level as a year ago.

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 for Second Week, Canadian Rig Count Hits Three-Year Low

May 13, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States increased for the second consecutive week, rising 0.3% to 1,769 for the week ending May 10, 2013.  While the number of rigs is up from 1,754 last week, it is still 10.4% below the year-ago level of 1,974.

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 for the eleventh consecutive week, down 2.5% from 121 to 118, the lowest count since May 7, 2010.  The rig count is also down 1.7% from the year-ago level of 120.

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 Ticks Higher, Canadian Rig Count Continues Downward Trend

May 6, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States increased by ten rigs to 1764 for the week ending May 3, 2013, up 0.6% from last week’s count of 1,754, but still some 10.2% below the year-ago level of 1,965.

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 for the tenth consecutive week, declining 0.8% from 122 to 121 and remaining at the lowest count since May 11, 2012.  The rig count is also down 7.6% from the year-ago level of 131.

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., Canada Rig Counts Fall Again

April 29, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell for the second consecutive week, decreasing 0.2% from last week’s count of 1,758 to 1,754 for the week ending April 26, 2013.  The count is also 9.8% below the year-ago level of 1,945.

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 continued its downward trend, falling 3.2% from 126 to 122, which is the lowest count since May 11, 2012.  The rig count is also down 9.0% from the year-ago level of 134.

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 Slightly, Canadian Rig Count Continues Downward Spiral

April 22, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell 0.7% from last week’s count of 1,771 to 1,758 for the week ending April 19, 2013 and is 10.9% below the year-ago level of 1,972.

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 for the eighth consecutive week, dropping 19.2% from 156 to 126, which is the lowest count since May 18, 2012.  The rig count is also down 13.7% from the year-ago level of 146.

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.