Analysis
April 25, 2014
Active Oil and Gas Rig Counts: US Increasing, Canada Decreasing
Written by Brett Linton
According to Baker Hughes data from April 25th, 2014, the U.S rig count for this week is 1,861 rigs exploring for or developing oil or natural gas. This count is an increase of 30 rigs when compared to last week, with oil rigs up 24 to 1,534 rigs, gas rigs up 7 to 323 rigs, and miscellaneous rigs down 1 to 4 rigs. Compared to last year the 1,861 count is an increase of 107 rigs, with oil rigs up by 153, gas rigs down by 43, and miscellaneous rigs down by 3.
The Canadian rig count decreased by 31 to 168 rigs this week, following the seasonal trend associated with Canadian drill rigs. Oil rigs are down 16 to 69 rigs and gas rigs down 15 to 99 rigs. Compared to last year the 168 count is an increase of 46 rigs, with oil rigs up by 3 and gas rigs up by 43. International rigs increased by 4 to 1,345 rigs for the month of March, an increase of 77 rigs from the same month one year ago. For a history of both the US and Canadian rig count click here.
