The U.S.
rotary rig count increased 14 to 1,571 for the week of July 23,
2010. It is 642 rigs (68.1%) higher
than last year.
The
number of rotary rigs
drilling for oil was up 11 at 591. There are 334 more rigs
targeting
oil than last year. Rigs currently drilling
for oil represent 37.3% percent of all drilling activity.
Rigs
directed toward natural
gas were up 153 at 982. The number of rigs currently drilling
for
gas
is 307 greater than last year's level of 675.
Year-over-year
oil exploration
in the US is up 130.0 percent. Gas exploration is up 45.5 percent.
The
weekly
average of crude oil spot prices is 19.6 percent higher than last
year
and natural gas spot prices are 33.1 percent
higher. Daily
crude oil and natural gas futures and spot prices
are available on
our site.
Canadian
rig activity* was down 13 at 349 for the week of July 23, 2010 and is 169
(93.9%) higher than last
year's rig count.
Canadian drilling falls rapidly in
the
spring to avoid environmental damage during the spring thaw and rainy
season.
*The
Canadian drilling
industry experiences wide seasonal swings and even year over year
comparisons
can lead to incorrect conclusions.
North American Rig
Count
Change
Percent Change
07/23/2010
07/16/2010
07/24/2009
Weekly
Annual
Weekly
Annual
Total U.S.
1,585
1,571
943
14
642
0.9%
68.1%
Offshore
14
12
37
2
(23)
16.7%
-62.2%
Land
1,571
1,559
906
12
665
0.8%
73.4%
Inland Waters
14
13
7
1
7
7.7%
100.0%
Oil
591
580
257
11
334
1.9%
130.0%
Percent
37.3%
36.9%
27.3%
0.4%
10.0%
Gas
982
979
675
3
307
0.3%
45.5%
Percent
62.0%
62.3%
71.6%
-0.4%
-9.6%
Directional
218
214
183
4
35
1.9%
19.1%
Horizontal
858
859
408
-1
450
-0.1%
110.3%
Vertical
509
498
352
11
157
2.2%
44.6%
Gulf of Mexico
14
12
36
2
-22
16.7%
-61.1%
Gulf Oil
5
5
4
0
1
0.0%
25.0%
Percent
35.7%
41.7%
11.1%
-6.0%
24.6%
Gulf Gas
9
7
32
2
-23
28.6%
-71.9%
Percent
64.3%
58.3%
88.9%
6.0%
-24.6%
Canada
349
365
180
(16)
169
-4.4%
93.9%
Oil
226
232
92
(6)
134
-2.6%
145.7%
Percent
64.8%
63.6%
51.1%
1.2%
13.6%
Gas
123
133
88
(10)
35
-7.5%
39.8%
Percent
35.2%
36.4%
48.9%
-1.2%
-13.6%
North America
1,934
1,936
1,123
(2)
811
-0.1%
72.2%
Monthly:
International Rig Counts
International
rig count,
which excludes the US and Canada, increased 9 to 1,099 for the
month
of June 2010 and is 132 rigs (13.7%) above last
year's 967.
The total
number of rotary
rigs worldwide in June was
2,869 up 109 from May and
is 872 higher than
last year.
Worldwide Rotary Rig
Counts
Change
Percent Change
June 2010
May 2010
June 2009
Monthly
Annual
Monthly
Annual
Latin America
388
395
343
(7)
45
-1.8%
13.1%
Europe
97
88
77
9
20
10.2%
26.0%
Africa
84
85
64
(1)
20
-1.2%
31.3%
Middle East
259
254
247
5
12
2.0%
4.9%
Far East
271
268
236
3
35
1.1%
14.8%
International
1,099
1,090
967
9
132
0.8%
13.7%
Canada
229
147
125
82
104
55.8%
83.2%
United States
1,531
1,513
895
18
636
1.2%
71.1%
World
2,859
2,750
1,987
109
872
4.0%
43.9%
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.
Would you like to advertise on
WTRG.com?
WTRG
recieves
over 1 million pageviews per month on average.
