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Rig Count: Rising Oil Prices Spur Rig Count Gains Worldwide
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This week, rig counts posted gains across all markets.
U.S. rig counts posted a gain of +6, while Canada's rig count increased substantially by +24. In May 2016, the International market gained +9.
This week, horizontal rigs posted a gain of +4, ending at 323 while vertical rig counts added +1, ending at 46. The Bakken and MissLime plays both gained +2 rigs this week.
For the U.S., the total year-over-year (YOY) rig count drop is now at -445. The current active rig count in the U.S. is 414.
Canada's rig count has fallen by -65 rigs YOY with 65 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 -1, 12 total
- Barnett 0, 2 total
- Eagle Ford +1, 30 total
- Marcellus -1, 23 total
- Bakken +2, 24 total
- Utica +1, 12 total
- Permian 0, 142 total
- Woodford -3, 27 total
- Miss Lime +2, 5 total
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