North American rig counts register fourth consecutive weekly gain

Monday, 29 August 2011 02:20:08 (GMT+3)   |  
       

According the most recent report by Baker Hughes, for the week ending August 26, the US rotary rig count increased one from the previous week to 1,975. This reflects a year-on-year increase of 319 rigs.

Additionally, US oil rigs were up by three last week (up 397 year-on-year) and US gas rigs contracted by two (down 75 year-on-year).

The Canadian rig count is up by 22 in the last week and is now at 508, representing a year-on-year increase of 122 rigs.


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