Environment and Energy
Active Gas & Oil Rig Counts YOY Gap Narrowing
Written by Brett Linton
December 2, 2016
According to Baker Hughes data from December 2, 2016, the U.S rig count for the week was 597 rigs exploring for or developing oil or natural gas. This is up 4 rigs compared to last week, with oil rigs up 3 to 477 rigs, gas rigs up 1 to 119 rigs, and miscellaneous rigs unchanged at 1 rig. Compared to this time last year, the 597 count is down 140 rigs, with oil rigs down 68, gas rigs down 73, and miscellaneous rigs up 1.
The Canadian rig count increased by 26 to 200 rigs this past week, with oil rigs up 6 to 100 rigs, gas rigs up 20 to 98 rigs, and miscellaneous rigs unchanged at 2 rigs. Compared to last year the 200 count is up 23 rigs, with oil rigs up 23, gas rigs down 2, and miscellaneous rigs up 2. International rigs decreased by 14 to 920 rigs for the month of October, a decrease of 191 rigs from the same month one year ago. For a history of both the US and Canadian rig count, visit the Steel Market Update website here.
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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