New Report Preview:
According to Pipe Logix, February OCTG prices declined another 1.1% (or $19/ton) to $1,702/ton, the lowest since February 2011, and some 11.2% (or $214/ton) below… more
For a copy of our full report and a free trial subscription, please contact us.
The number of active oil and natural gas rigs in the United States fell by 13 to 1,826 for the week ending October 26, 2012, down 0.7% from the previous week and down some 9.6% 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 rose 4.2% to 370 from 355 last week, and was 25.9% 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.
