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Rig Count: US Loses 16 Land Rigs
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According to Baker Hughes' January 22, 2016 rig count report, U.S. rig counts have dropped by -13 overall, while Canada continued its upward trend, adding +23. 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 996.
The current active rig count in the U.S. is 637.
- Niobrara 0, 19 total
- Barnett -1, 4 total
- Eagle Ford -4, 64 total
- Marcellus -3, 35 total
- Bakken -2, 45 total
- Utica 1, 14 total
- Permian -3, 199 total
- Woodford 2, 39 total
- Miss Lime -2, 10 total
Canada's rig count jumped by +23. The country's rig count has fallen by 182 rigs YOY with 250 rigs currently active.
On the International front, rig counts dropped by -14 in December of this 2015, with 1,095 rigs currently active.
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