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Rig Count: U.S. Loses -3 Rigs; Canada Posts +7 Gain
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This week, rig counts dipped slightly domestically while international activity continued to climb.
U.S. rig counts posted a loss of -3, while Canada's rig count increased by +7. In May 2016, the International market gained +9.
This week, horizontal rigs posted a loss of -1, ending at 325 while vertical rig counts remained the same at 53. The Bakken and Permian saw gains this week, adding +2 and +4, respectively.
For the U.S., the total year-over-year (YOY) rig count drop is now at -438. The current active rig count in the U.S. is 421.
Canada's rig count has fallen by -59 rigs YOY with 76 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 0, 7 total
- Eagle Ford 0, 34 total
- Marcellus -1, 23 total
- Bakken +2, 26 total
- Utica 0, 12 total
- Permian +4, 150 total
- Woodford -4, 26 total
- Miss Lime 0, 4 total
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