US rig count drops while Canadian stays stable week-on-week

Friday, 17 May 2019 20:30:30 (GMT+3)   |   San Diego
       

Baker Hughes has reported that for the week ending May 17, the US rotary rig count decreased by one to 987 rigs following a two-rig decrease the week before. The number of rigs drilling for gas increased by two to 185, while the number of rigs drilling for oil decreased by three to 802. The overall rig count is now down by 59 rigs in a year-on-year comparison.

Meanwhile, the Canadian rig count remained level at 63 rigs in the week ending May 17, following a two-rig increase the week before. The Canadian rig count is now down by 20 rigs compared to the same week a year ago.


Most Recent Related Articles

US beam imports down 48.9 percent in November

S. Africa's iron ore output down by 7.6 percent in Nov from Oct

Turkish mills manage to keep HRC prices stable for now

Turkish welded pipe prices stable, mood cautious

Export price increases for Brazilian rebar