Posts Tagged: ‘Oil Production’

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.

U.S. Rig Count Climbs From March 2011 Low, Canada Rig Count Continues to Fall

April 15, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States rose 1.9% to 1,771 for the week ending April 12, 2013, up from last week’s 1,738, which was the lowest since March 2011.  The count is still 9.2% below the year-ago level of 1,950.

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 24.3%, dropping from 206 to 156 – the lowest count since June 1, 2012 – and were down 4.9% from the year-ago level of 164.

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 Lowest Since March 2011, Canada Rig Count Falls Further

April 8, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell 10 rigs to 1,738 for the week ending April 5, 2013, down 0.6% from last week’s count and 12.2% from the year-ago level of 1,979 to the lowest since March 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 for the sixth consecutive week, dropping 16.3% from 246 to 206, and is now 68.9% below the 2013 high of 662 on February 22.  Despite the decline, the rig count is up 10.2% from the year-ago level of 187.

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.