Industrial Minerals


Global rig count down 10% on lower oil and gas drilling

26 May 2011

by Jessica Roberts

Active rigs fall to 3,103 in April 2011 as Canadian drilling crashes by 67%

Keywords: Rig count, Baker Hughes, oilfield services, fracking, proppants

The number of active oil and gas drilling rigs fell by almost 10% month on month in April 2011, largely owing to a dive in Canada’s rig count from 567 to 184 (-67.5%).

 

The USA, which operates the largest number of rotary rigs globally, fared better than its northern...