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North
American Rotary Rig Counts
The U.S.
rotary rig count was down 4 at 1,871 for the week of July 18, 2014. It
is 101 rigs (5.7%) higher
than last year.
The
number of rotary rigs
drilling for oil was down 9 at 1,554. There are 159 more rigs
targeting
oil than last year. Rigs drilling
for oil represent 83.1 percent of all drilling activity.
Rigs
directed toward natural
gas were up 4 at 315. The number of rigs drilling
for
gas is 54 lower than last year's level of 369.
Year-over-year
oil exploration
in the U.S. is up 11.4 percent. Gas exploration is down 14.6 percent.
The
weekly
average of crude oil spot prices
is 5.0 percent lower than last
year
and natural gas spot prices are 9.2 percent higher than last year. Daily
crude oil and natural gas futures and spot prices
are available on
our site.
Canadian
rig activity was up 66 at 381 for the week of July 18, 2014 and is 57 (17.6%) higher than last
year's rig count.
The number of rigs drilling for oil was up 48 at 226 and is 12
(5.6%) higherr than last year. Gas directed rig count at 155 was up by
18
and is 45 rigs
(40.9%) higher than last
year. Canadian
drilling falls
rapidly in
the
spring to avoid environmental damage moving drilling equipment during
the spring thaw and rainy
season. With large weather related seasonal
swings, even
year-over-year
comparisons
can lead to incorrect conclusions.
North American Rig
Count
|
Change
|
Percent Change |
|
07/18/2014 |
07/11/2014 |
07/19/2013 |
Weekly |
Annual |
Weekly |
Annual |
| Total U.S. |
1,871 |
1,875 |
1,770 |
(4) |
101 |
-0.2% |
5.7% |
| Offshore |
57 |
56 |
57 |
1 |
0 |
1.8% |
0.0% |
| Land |
1,814 |
1,819 |
1,713 |
(5) |
101 |
-0.3% |
5.9% |
| Inland Waters |
18 |
18 |
22 |
0 |
(4) |
0.0% |
-18.2% |
| Oil |
1,554 |
1,563 |
1,395 |
(9) |
159 |
-0.6% |
11.4% |
| Percent |
83.1% |
83.4% |
78.8% |
-0.3% |
4.2% |
|
|
| Gas |
315 |
311 |
369 |
4 |
(54) |
1.3% |
-14.6% |
| Percent |
16.8% |
16.6% |
20.8% |
0.2% |
-4.0% |
|
|
| Directional |
217 |
222 |
280 |
-5 |
-63 |
-2.3% |
-22.5% |
| Horizontal |
1,288 |
1,276 |
1,058 |
12 |
230 |
0.9% |
21.7% |
| Vertical |
366 |
377 |
432 |
-11 |
-66 |
-2.9% |
-15.3% |
| Gulf of Mexico |
57 |
55 |
54 |
2 |
3 |
3.6% |
5.6% |
| Gulf Oil |
42 |
40 |
39 |
2 |
3 |
5.0% |
7.7% |
| Percent |
73.7% |
72.7% |
72.2% |
1.0% |
1.5% |
|
|
| Gulf Gas |
15 |
15 |
15 |
0 |
0 |
0.0% |
0.0% |
| Percent |
26.3% |
27.3% |
27.8% |
-1.0% |
-1.5% |
|
|
| Canada |
381 |
315 |
324 |
66 |
57 |
21.0% |
17.6% |
| Oil |
226 |
178 |
214 |
48 |
12 |
27.0% |
5.6% |
| Percent |
59.3% |
56.5% |
66.0% |
2.8% |
-6.7% |
|
|
| Gas |
155 |
137 |
110 |
18 |
45 |
13.1% |
40.9% |
| Percent |
40.7% |
43.5% |
34.0% |
-2.8% |
6.7% |
|
|
| North America |
2,252 |
2,190 |
2,094 |
62 |
158 |
2.8% |
7.5% |
Prices
|
| Oil $/bbl. |
$101.66 |
$102.56 |
$106.98 |
($0.90) |
($5.31) |
-0.9% |
-5.0% |
| Oil $/mmbtu |
$17.53 |
$17.68 |
$18.44 |
($0.15) |
($0.92) |
-0.9% |
-5.0% |
| Gas $/mmbtu |
$4.05 |
$4.15 |
$3.71 |
($0.10) |
$0.34 |
-2.5% |
9.2% |
Monthly:
International Rig Counts
International
rig count,
which excludes the US and Canada, was down 6 to 1,344 for the
month
of June 2014 and is 11 rigs (0.8%) above
last
year's 1,333 rigs.
The total
number of rotary
rigs worldwide in June was
3,445 up 74 from May and 168 (5.1%)
higher than
last year.
| Worldwide Rotary Rig
Count |
Change
|
Percent Change |
|
June 2014 |
May 2014 |
June 2013 |
Monthly |
Annual |
Monthly |
Annual |
| Latin America |
398 |
404 |
423 |
(6) |
(25) |
-1.5% |
-5.9% |
| Europe |
147 |
149 |
138 |
(2) |
9 |
-1.3% |
6.5% |
| Africa |
123 |
140 |
133 |
(17) |
(10) |
-12.1% |
-7.5% |
| Middle East |
425 |
414 |
389 |
11 |
36 |
2.7% |
9.3% |
| Far East |
251 |
243 |
250 |
8 |
1 |
3.3% |
0.4% |
| International |
1,344 |
1,350 |
1,333 |
(6) |
11 |
-0.4% |
0.8% |
| Canada |
240 |
162 |
183 |
78 |
57 |
48.1% |
31.1% |
| United States |
1,861 |
1,859 |
1,761 |
2 |
100 |
0.1% |
5.7% |
| World |
3,445 |
3,371 |
3,277 |
74 |
168 |
2.2% |
5.1% |
The
Rig Count page
will be updated as the data becomes available. US rotary and Canadian
rig
counts are updated weekly. International, world and workover
rig
counts are updated mid month. The oil price shown in all long
term
graphs and all but the short term graph of US and Canadian rotary rig
counts
is US average wellhead price. The price in the short term US and
Canadian
rotary rig count graphs is WTI spot.
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