Posts Tagged: ‘Oil Drilling’

U.S. Rig Count Climbs for the Second Straight Week

February 1, 2013 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States rose for the second straight week – climbing by 11 to 1,764 for the week ending February 1, 2013 – up 0.6% from last week and 0.9% from the nearly 2-year low 3 weeks ago, but down 11.7% from last year.

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 showed a rise of 0.6% to 625 from 621 last week but was still down 12.0% from last year.

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 Back to 1800

December 7, 2012 Posted by Steel Market Intelligence

The number of active oil and natural gas rigs in the United States fell again this week – declining by 11 to a 19-month low of 1,800 for the week ending December 7, 2012 – down 0.6% from last week and 9.4% 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 rose for the fourth consecutive week – up 1.8% to 406 from 399 last week, but 19.4% 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.