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Rig Count: Canada Rigs Jump by +17; U.S. Gains +1

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   |    Friday,July 29,2016

This week, rig counts continued their upward trend in North America.

U.S. rig counts posted a slight gain of +1, while Canada's rig count jumped by +17. In June 2016, the International market lost -28 rigs.

This week, horizontal rigs saw a loss of -3, ending at 354 while vertical rig counts stayed stagnant at 0, ending at 61. Oil Rigs gained +3 while gas rigs lost -2.

For the U.S., the total year-over-year (YOY) rig count drop is now at -411. The current active rig count in the U.S. is 463.

Canada's rig count has fallen by -96 rigs YOY with 119 rigs currently active.

On the International front, rig counts fell by -28 in June of 2016, with 927 rigs currently active (a loss of -219 YOY).

- Niobrara +1, 19 total

- Barnett -3, 5 total

- Eagle Ford -2, 33 total

- Marcellus -1, 22 total

- Bakken 0, 27 total

- Utica +1, 13 total

- Permian +4, 172 total

- Woodford +1, 32 total

- Miss Lime -2, 4 total

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