US and Canadian rig counts show opposite trends week-on-week

Friday, 18 January 2019 00:34:58 (GMT+3)   |   San Diego

Baker Hughes has reported that for the week ending January 18, the US rotary rig count decreased by 25 to 1,050 rigs following no movement the week before. The number of rigs drilling for gas decreased by four to 198, while the number of rigs drilling for oil decreased by 21 to 852. The overall rig count is now up by 114 rigs in a year-on-year comparison.

Meanwhile, the Canadian rig count increased by 25 to 209 rigs in the week ending January 18, following a 108-rig surge upward the week before. The Canadian rig count is still down by 116 rigs compared to the same week a year ago.

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