Active Rig Count for Week Ending May 20th

June 01, 2011 in Blog, News & Articles by

According to petroleum industry consulting firm Baker Hughes, the US net rotary rig count remains at 1,830, while Canada’s count increased by 16 to 143 rigs. Canada’s rig count is 30 rigs below the equivalent weekly count in 2010.

For the week ended May 20, the US net rotary rig count remained unchanged because of a loss of eight rigs for gas production and gain of seven rigs for oil production and one classified as miscellaneous.

Steel Business Briefing recorded noteworthy net shifts by state which include a loss of eight rigs in Oklahoma and a gain of four rigs in California.

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