Rig Count Weekly April 19, 2010

Total of 15 new drilling were added to already operating North American rigs: 1 additional crude oil rigs and 14 additional natural gas rigs. The just keep on adding natural gas rigs, negative for the commodity price.

On world scale: 115 new rigs were added during March, bulk of which in North America.

Chart 1. Baker Hughes U.S. Rig Count Change

Source: Baker Hughes

Chart 2. Baker Hughes Weekly U.S. Rig Count

Source: Baker Hughes

Chart 3. Baker Hughes Monthly World Rig Count Change

Source: Baker Hughes

Chart 4. Baker Hughes Monthly World Rig Count

Source: Baker Hughes


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