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Rig Count: Upward Trend Continues in North America; +21 Rig Gain
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This week, rig counts continued their upward trend in North America.
U.S. rig counts posted a gain of +7, while Canada's rig count increased by +14. In June 2016, the International market lost -28 rigs.
This week, horizontal rigs saw a gain of +1, ending at 344 while vertical rig counts fell by -1, ending at 60. The Permian and Woodford continued to gain, adding +2 each. The Barnett saw a sizable loss of -4 rigs.
For the U.S., the total year-over-year (YOY) rig count drop is now at -410. The current active rig count in the U.S. is 447.
Canada's rig count has fallen by -97 rigs YOY with 95 rigs currently active.
On the International front, rig counts fell by -28 in June of 2016, with 927 rigs currently active (a loss of -219 YOY).
- Niobrara +1, 14 total
- Barnett -4, 5 total
- Eagle Ford 0, 33 total
- Marcellus 0, 23 total
- Bakken -1, 27 total
- Utica 0, 12 total
- Permian +2, 160 total
- Woodford +2, 32 total
- Miss Lime 0, 5 total
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