Rig Count Up in U.S., Canada

According to the latest Baker Hughes Rig Count, released Nov. 25, the U.S. Rig Count was up 10 from the previous week to 320. Oil rigs were up 10 to 241, gas rigs were up one to 77, and miscellaneous rigs were down one to two.

The U.S. rig count was down 482 rigs from last year’s count of 802, with oil rigs down 427, gas rigs down 54, and miscellaneous rigs down one.
The U.S. offshore rig count was unchanged at 12, but down 10 year-over-year.

The Canada rig count was up one from the previous week to 102, Baker Hughes reported. Oil rigs were down four to 38, and gas rigs were up five to 64.
The Canada rig count was down 24 rigs from last year’s count of 126, with oil rigs down 39 and gas rigs up 15.

SOURCE: The Weekly Propane Newsletter, December 2, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.