Rig count surges in US, plunges in Canada

Monday, 15 April 2013 09:29:20 (GMT+3)   |   San Diego

Baker Hughes reported Friday that for the week ending April 12, the US rig count increased by 33 to 1,771, following a 10-rig decrease a week ago. During the week, the oil rig count rose by 30 to 1,387 while the gas-directed rig count was up two to 377 rigs.

Meanwhile, Canada's rig count fell by 50 to 156 rigs, following a 40-rig decrease the previous week.  Oil rigs in Canada accounted for 34 of the drop this week, while gas rigs comprised the remaining 16.


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