US and Canadian rig counts register double-digit gains

Monday, 10 October 2011 01:34:36 (GMT+3)   |  
       

According to the most recent report by Baker Hughes, for the week ending October 7, the US rotary rig count rose by 22 from the previous week to 2,012, reflecting a year-on-year increase of 341 rigs.

US oil rigs jumped 10 last week to 1,070, reflecting an increase of 380 rigs year-on-year, and remained higher than gas rig counts, which increased by 12 last week to 935 (down 36 year-over-year).

The Canadian rig count rose as well, increasing 12 from last week to 522, representing a year-on-year increase of 119 rigs.


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