Trade Resources Industry Views Rig Count Increases in US,While Fall in Canada

Rig Count Increases in US,While Fall in Canada

Baker Hughes reported Friday that for the week ending April 12, the US rig count increased by 33 to 1,771, following a 10-rig decrease a week ago. During the week, the oil rig count rose by 30 to 1,387 while the gas-directed rig count was up two to 377 rigs.

Meanwhile, Canada's rig count fell by 50 to 156 rigs, following a 40-rig decrease the previous week.  Oil rigs in Canada accounted for 34 of the drop this week, while gas rigs comprised the remaining 16.

Source: http://www.steelorbis.com/steel-news/latest-news/rig-count-surges-in-us-plunges-in-canada-752714.htm
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Rig Count Surges in US, Plunges in Canada
Topics: Metallurgy