North American rig counts continue to rise

Monday, 22 August 2011 21:17:12 (GMT+3)   |  
       

According to the most recent report by Baker Hughes, for the week ending August 19, the US rotary rig count increased 15 from the previous week to 1,974. This reflects a year-on-year increase of 323 rigs.

Additionally, US oil rigs were up by 11 last week (up 411 year-on-year) and US gas rigs rose by four (down 85 year-on-year).

The Canadian rig count is up by 22 in the last week and is now at 486, representing a year-over-year increase of 107 rigs.


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