Posts Tagged: ‘Energy Pipe’

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.