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Rig Count: Barnett Sees +5 Rig Jump; Eagle Ford, Permian Post Gains

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   |    Friday,June 17,2016

This week, rig counts continued their upward trend, posted gains across all markets.

U.S. rig counts posted a gain of +10, while Canada's rig count increased by +4. In May 2016, the International market gained +9.

This week, horizontal rigs posted a gain of +3, ending at 326 while vertical rig counts added +7, ending at 53. Texas posted the largest gain in rigs with the Barnett, Eagle Ford and Permian seeing gains of +5, +4 and +4, respectively.

For the U.S., the total year-over-year (YOY) rig count drop is now at -433. The current active rig count in the U.S. is 424.

Canada's rig count has fallen by -67 rigs YOY with 69 rigs currently active.

On the International front, rig counts rose by +9 in April of this 2016, with 955 rigs currently active (a loss of -203 YOY).

- Niobrara 0, 12 total

- Barnett +5, 7 total

- Eagle Ford +4, 34 total

- Marcellus +1, 24 total

- Bakken 0, 24 total

- Utica 0, 12 total

- Permian +4, 146 total

- Woodford +3, 30 total

- Miss Lime -1, 4 total

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