Baker Hughes released their worldwide rig count report July 9, 2013, revealing the world rig count during June 2013 was down 5.9% to 3,277 rigs from a June 2012 levels of 3,484.
Additionally, U.S. rig count during June 2013 dropped by 10.7% from June 2012 levels.
Despite both U.S. and world rig count levels dropping, the foreign rig count (international rig count that excludes the U.S. and Canadian rig count) increased 3.7% during the same time frame.
Rigs drilling for oil internationally (excluding the U.S. and Canada) increased 2% while rigs drilling for natural gas increased 22%. Gas rig counts in the U.S. have seen a contradictory turn with oil rigs surpassing natural gas rig count by approximately 1,000. This trend has been on the rise since March 2011when oil and gas rigs were equivalent.
- India, Mexico and Iraq top rig counts, respectively.
- India’s total rig count increased by 6.79%: 106 oil rigs and 12 gas
- Mexico’s rig count fell by 14.14%: oil rig count fell from 100 to 85, gas rig count only fell by one from 12 to 11 in 2013.
- Iraq’s count up 11.24%: oil rig count increase from 78 to 89.
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