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Active Rig Count - July 17
Posted: Fri Jul 17, 2015 6:43 pm
by dan_s
United States active rig count falls by 6
Oil -7
Gas +1
Total active rigs today are 857, compared to 1,871 a year ago.
U.S. oil and gas production is falling and the rate of decline will accelerate.
Re: Active Rig Count - July 17
Posted: Sat Jul 18, 2015 11:38 am
by setliff
dan, canadian rig count for oil was way up---what's your thoughts about that?
Re: Active Rig Count - July 17
Posted: Sat Jul 18, 2015 1:07 pm
by dan_s
Canadian rig count always goes up in the summer when it dries out. Note that most of the increase was for rigs that are drilling for gas. BTW Canada is also getting ready to export LNG and some companies are drilling gas wells to get supply ready for that. AND Canada has their own gas storage that needs to be refilled by winter.
Note BIG difference to last year's active rig count in Canada.
O/G: 2015 / 2014
Oil: 98/226
Gas: 94/155
Re: Active Rig Count - July 17
Posted: Sat Jul 18, 2015 1:50 pm
by bearcatbob
dan_s wrote:Canadian rig count always goes up in the summer when it dries out. Note that most of the increase was for rigs that are drilling for gas. BTW Canada is also getting ready to export LNG and some companies are drilling gas wells to get supply ready for that. AND Canada has their own gas storage that needs to be refilled by winter.
Note BIG difference to last year's active rig count in Canada.
O/G: 2014 / 2015
Oil: 98/226
Gas: 94/155
Dan - did you get the dates reversed?
Re: Active Rig Count - July 17
Posted: Sat Jul 18, 2015 3:08 pm
by dan_s
Yes I did. I will edit the previous post.