Rig Count Monthly – May 9, 2011

May 9th, 2011 by Belisarius

(For The Week Ending May 6, 2011)

I will post rig counts monthly from now on, the reason is to save my time and focus on indicators that move prices in shorter time intervals. Monthly level will be sufficient to keep up with the trends in the rig counts.

Number of crude oil drilling rigs in the U.S. rose for 48 in April ; Number of natural gas drilling rigs rose for 13.

On world scale number of oil & gas drilling rigs fell for 341 in April. This is because of a seasonal fall of drilling activity in Canada.

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