Friday, June 13, 2014

Baker Hughes Rig Counts: Oil Gains (+6) Gas Loses (-10)

Baker Hughes rig counts released today show Oil rig power up to a new multi-year high at 1,019 horizontal rigs, a gain of six horizontals on the week.  Gas rig power weakened notably, as horizontals fell -8 to a new low of 299 horizontal rigs working.

The Permian returned to its oil dominated march upward, gaining 4 new horizontal oil rigs:

Other notable changes included a new high in oil rigs in the DJ Basin:

Overall oil and gas activity has increased on a multi-week trend in the Granite Wash:

Drilling continues its seasonal recovery in Canada, though oil has rebounded much more than gas, both in Canada as a whole and Alberta particularly:

Full Reports:

Rig Count Summary

Rig Count by Basin

Rig Count by State

Canada Rig Counts