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Rig Count: U.S. Rigs Drop by -11; Canada Loses -3
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According to Baker Hughes' April 29, 2016 rig count report, rig counts are still dropping across all markets.
U.S. rig counts declined by -11 overall, while Canada reported a decrease, losing -3. In March 2016, the International market lost -33.
Overall, -8 horizontal were taken down this week while vertical rigs declined by -1.
For the U.S., the total year-over-year (YOY) rig count drop is now at -485. The current active rig count in the U.S. is 420.
Canada's rig count declined by -3. The country's rig count has fallen by -42 rigs YOY with 37 rigs currently active.
On the International front, rig counts dropped by -33 in March of this 2016, with 985 rigs currently active (a loss of -266 YOY).
- Niobrara -1, 14 total
- Barnett +1, 6 total
- Eagle Ford -3, 37 total
- Marcellus -2, 26 total
- Bakken 0, 26 total
- Utica 0, 11 total
- Permian -2, 134 total
- Woodford -3, 31 total
- Miss Lime 0, 4 total
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