WTRG Economics home page Rotary and Workover Rig Counts
Weekly Rotary Rig Count
Monthly International Rotary
and Workover Rig Counts
Graphs
For more current oil and gas analysis and forecasts subscribe to: Energy Economist Newsletter.

To put it all in perspective visit the
Oil Price History page.


North American Rotary Rig Counts

The U.S. rotary rig count was down 12 at 1,918 for the week of October 17, 2014. It is 179 rigs (10.3%) higher than last year.

The number of rotary rigs drilling for oil was down 19 at 1,590. There are 229 more rigs targeting oil than last year. Rigs drilling for oil represent 82.9 percent of all drilling activity. 

Rigs directed toward natural gas were up 8 at 328. The number of rigs drilling for gas is 44 lower than last year's level of 372.

Year-over-year oil exploration in the U.S. is up 16.8 percent. Gas exploration is down 11.8 percent. The weekly average of crude oil spot prices is 18.2 percent lower than last year and natural gas spot prices are 1.9 percent higher than last year. Daily crude oil and natural gas futures and spot prices are available on our site.

Canadian rig activity was down 3 at 417 for the week of October 17, 2014 and is 29 (7.5%) higher than last year's rig count. The number of rigs drilling for oil was down 1 at 231 and is 4 (1.7%) lower than last year. Gas directed rig count at 186 was down 2 and is 33 rigs (21.6%) 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

10/17/2014 10/10/2014 10/18/2013 Weekly Annual Weekly Annual
Total U.S. 1,918 1,930 1,739 (12) 179 -0.6% 10.3%
Offshore 57 58 58 (1) (1) -1.7% -1.7%
Land 1,861 1,872 1,681 (11) 180 -0.6% 10.7%
Inland Waters 14 13 19 1 (5) 7.7% -26.3%
Oil 1,590 1,609 1,361 (19) 229 -1.2% 16.8%
Percent 82.9% 83.4% 78.3% -0.5% 4.6%

Gas 328 320 372 8 (44) 2.5% -11.8%
Percent 17.1% 16.6% 21.4% 0.5% -4.3%

Directional 203 207 239 -4 -36 -1.9% -15.1%
Horizontal 1,353 1,353 1,099 0 254 0.0% 23.1%
Vertical 362 370 401 -8 -39 -2.2% -9.7%
Gulf of Mexico 55 56 56 -1 -1 -1.8% -1.8%
Gulf Oil 44 44 38 0 6 0.0% 15.8%
Percent 80.0% 78.6% 67.9% 1.4% 12.1%

Gulf Gas 11 12 18 -1 -7 -8.3% -38.9%
Percent 20.0% 21.4% 32.1% -1.4% -12.1%

Canada 417 420 388 (3) 29 -0.7% 7.5%
Oil 231 232 235 (1) (4) -0.4% -1.7%
Percent 55.4% 55.2% 60.6% 0.2% -5.2%

Gas 186 188 153 (2) 33 -1.1% 21.6%
Percent 44.6% 44.8% 39.4% -0.2% 5.2%

North America 2,335 2,350 2,127 (15) 208 -0.6% 9.8%
Prices
Oil $/bbl. $82.99 $87.63 $101.46 ($4.64) ($18.47) -5.3% -18.2%
Oil $/mmbtu $14.31 $15.11 $17.49 ($0.80) ($3.19) -5.3% -18.2%
Gas $/mmbtu $3.85 $3.87 $3.77 ($0.02) $0.07 -0.6% 1.9%

Monthly: International Rig Counts

International rig count, which excludes the US and Canada, was down 43 to 1,339 for the month of  August 2014 and is 72 rigs (5.7%) above last year's 1,267 rigs.

The total number of rotary rigs worldwide in August was 3,642 up 34 from July and 226 (6.6%) higher than last year.

Worldwide Rotary Rig Count Change
Percent Change

Aug 2014 Jul 2014 Aug 2013 Monthly Annual Monthly Annual
Latin America 410 407 399 3 11 0.7% 2.8%
Europe 143 153 143 (10) 0 -6.5% 0.0%
Africa 125 137 125 (12) 0 -8.8% 0.0%
Middle East 406 432 362 (26) 44 -6.0% 12.2%
Far East 255 253 238 2 17 0.8% 7.1%
International 1,339 1,382 1,267 (43) 72 -3.1% 5.7%
Canada 399 350 368 49 31 14.0% 8.4%
United States 1,904 1,876 1,781 28 123 1.5% 6.9%
World 3,642 3,608 3,416 34 226 0.9% 6.6%

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.



Long term
Short Term
Rotary Rig Count - United States
Click on graph for a larger image.
Rotary Rig Count - United States Weekly
Click on graph for a larger image.
Rotary Rig Count - Canada
Click on graph for a larger image.
Rotary Rig Count - Canada Weekly
Click on graph for a larger image.
Rotary Rig Count - International
Click on graph for a larger image.
Rotary Rig Count - International
Click on graph for a larger image.
Rotary Rig Count - World
Click on graph for a larger image.
Rotary Rig Count - World
Click on graph for a larger image.
Workover Rig Count
Click on graph for a larger image.
Workover Rig Count
Click on graph for a larger image.
[WTRG's HOME PAGE]
Copyright © 1999 - 2013 by James L. Williams 

 
James L. Williams
WTRG Economics 
Phone: (479) 293-4081
 
To contact us or if you have comments or suggestions,
e-mail WTRG at wtrg@wtrg.com