Steel Products Prices North America
US & Canadian Rig Counts Drop from Prior Week
Written by Brett Linton
December 20, 2013
According to Baker Hughes data from December 20th, 2013, the U.S rig count for this week is 1,768 rigs exploring for or developing oil or natural gas. This count is a decrease of 14 rigs when compared to last week, with oil rigs down 16 to 1,395 rigs, gas rigs up 3 to 372 rigs, and miscellaneous rigs down 1 to 1 rig. Compared to last year the 1,768 count is a decrease of 6 rigs, with oil rigs up by 55, gas rigs down by 57, and miscellaneous rigs down by 4.
The Canadian rig count decreased by 28 to 398 rigs this week, with oil rigs down 28 to 227 rigs, and gas unchanged at 171 rigs. Compared to last year the 398 count is an increase of 14 rigs, with oil rigs down by 34 and gas rigs up by 48. International rigs decreased by 4 to 1,311 rigs for the month of November, an increase of 44 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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