Analysis
February 14, 2014
US and Canadian Rig Counts Steady
Written by Brett Linton
According to Baker Hughes data from February 14, 2014, the U.S rig count for this week is 1,764 rigs exploring for or developing oil or natural gas. This count is a decrease of 7 rigs when compared to last week, with oil rigs up 7 to 1,423 rigs, gas rigs down 14 to 337 rigs, and miscellaneous rigs unchanged at 4 rigs. Compared to last year the 1,764 count is an increase of 2 rigs, with oil rigs up by 86, gas rigs down by 84, and miscellaneous rigs unchanged.
The Canadian rig count increased by 3 to 624 rigs this week, with oil rigs up 6 to 415 rigs and gas rigs down 3 to 209 rigs. Compared to last year the 624 count is a decrease of 27 rigs, with oil rigs down by 85 and gas rigs up by 58. International rigs decreased by 10 to 1,325 rigs for the month of January, an increase of 46 rigs from the same month one year ago. For a history of both the US and Canadian rig count click here.
