Steel Products Prices North America
U.S. Rig Count Down 92, Canada Down 4 Over Levels Last Year
Written by Brett Linton
October 15, 2013
According to Baker Hughes data from October 11th, 2013, the U.S rig count for this week is 1,743 rigs exploring for or developing oil or natural gas. This count is a decrease of 13 rigs when compared to last week, with oil rigs down 5 to 1,367 rigs, gas rigs down 9 to 369 rigs, and miscellaneous rigs up 1 to 7 rigs. Compared to last year the 1,743 count is a decrease of 92 rigs, with oil rigs down by 44, gas rigs down by 53, and miscellaneous rigs up by 5.
The Canadian rig count decreased by 4 to 357 rigs this week, with oil rigs up 5 to 214 rigs, and gas rigs down 9 to 143 rigs. Compared to last year the 357 count is a decrease of 4 rigs, with oil rigs down by 62, gas rigs up by 60, and miscellaneous rigs down by 2. International rigs increased by 17 to 1,284 rigs for the month of September, an increase of 30 rigs from the same month one year ago.
About the Rotary Rig Count
A rotary rig is one that rotates the drill pipe from the surface to either drill a new well or sidetracking an existing one. They are drilled to explore for, develop and produce oil or natural gas. The Baker Hughes Rotary Rig count includes only those rigs that are significant consumers of oilfield services and supplies.
The Baker Hughes North American Rotary Rig Count is a weekly census of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States and Canada. Rigs considered active must be on location and drilling. They are considered active from the time they break ground until the time they reach their target depth.
The Baker Hughes International Rotary Rig Count is a monthly census of active drilling rigs exploring for or developing oil or natural gas outside of the United States and Canada. International rigs considered active must be drilling at least 15 days during the month. The Baker Hughes International Rotary Rig Count does not include rigs drilling in Russia or onshore China.
Brett Linton
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