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Rig Count: Canada Continues Seasonal Growth, US Down
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According to Baker Hughes' January 15, 2016 rig count report, U.S. rig counts have dropped by -14 overall, while Canada saw another huge jump in rigs, adding +61. In December 2015, the International market lost -14.
Overall, -8 horizontal and -3 vertical rigs were taken down this week. The Permian lost -7 rigs this week.
The total year-over-year (YOY) rig count drop is now at 1,026.
The current active rig count in the U.S. is 650.
- Niobrara -3, 19 total
- Barnett -1, 5 total
- Eagle Ford -3, 68 total
- Marcellus +1, 38 total
- Bakken -4, 49 total
- Utica -1, 13 total
- Permian -7, 202 total
- Woodford +1, 37 total
- Miss Lime +1, 12 total
Canada's rig count jumped by +61. The country's rig count has fallen by 213 rigs YOY with 220 rigs currently active.
On the International front, rig…
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