N. American rig activity feels Canadian drag
Nov 11, 2009 | 05:41 AM
| Maria Guzzo
The North American rig count fell for the first time in nearly three months due to a drop in Canadian activity that was spurred by an energy product glut and warmer weather.
The North American rotary rig count fell to 1,311 during the week ended Nov. 6, down 0.5 percent from 1,318 rigs in operation the previous week, according to the latest data from Baker Hughes Inc., Houston. The drop was the first since Aug. 14, when 1,138 rigs were operating in North America, and was just one of three weekly declines registered since June 19.
In the United States, the rig count of 1,078 as of Nov. 6 was up 0.8 percent from 1,069 a week earlier, while the Canadian tally of 233 was down 6.4 percent from 249 in the same comparison.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.