Rig Counts in USA

abarrelfullabarrelfull wrote on 06 Jan 2010 06:44
Tags: patterson-uti rigs usa

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Patterson-UTI Energy is an oil and gas services company, operating in North America. Each month they release the number of oil rigs they have in operation. For December, the number was up.

For the month of December 2009, the Company had an average of 118 drilling rigs operating, including 108 rigs in the United States and 10 rigs in Canada. For the three months ended December 2009, the Company had an average of 103 drilling rigs operating, including 95 rigs in the United States and 8 rigs in Canada.

These numbers are not necessarily indicative of the market as a whole, Baker Hughes numbers gives us that. However, it is interesting to see that the numbers are moving in the way we would expect them, upwards, together with the oil price.

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patterson-utirigsusa
page revision: 3, last edited: 07 Jan 2010 08:12
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