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 from Baker Hughes was up 5 at 511 for the week of September 23, 2016. It is 327 rigs (39.0%) lower than last year. Rig count is 107 above the record low since Baker Hughes started counting rigs in 1949.

The number of rotary rigs drilling for oil was up 2 at 418. There are 222 fewer rigs targeting oil than last year. Rigs drilling for oil represent 81.8 percent of all drilling activity. 

Rigs directed toward natural gas were up 3 at 92. The number of rigs drilling for gas is 105 lower than last year's level of 197.

Year-over-year oil exploration in the U.S. is down 37.4 percent. Gas exploration is down 53.3 percent. The weekly average of crude oil spot prices is 1.9 percent lower than last year and natural gas spot prices are 19.8 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 6 at 138 for the week of September 23, 2016 and is 38 (21.6%) lower than last year. The number of rigs drilling for oil was up 2 at 77 and is 11 (16.7%) higher than last year. Gas directed rig count at 61 was up 5 and is 49 rigs (44.5%) lower 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

09/23/2016 09/16/2016 09/25/2015 Weekly Annual Weekly Annual
Total U.S. 511 506 838 5 (327) 1.0% -39.0%
Offshore 20 20 33 0 (13) 0.0% -39.4%
Land 491 486 805 5 (314) 1.0% -39.0%
Inland Waters 3 4 5 (1) (2) -25.0% -40.0%
Oil 418 416 640 2 (222) 0.5% -34.7%
Percent 81.8% 82.2% 76.4% -0.4% 5.4%

Gas 92 89 197 3 (105) 3.4% -53.3%
Percent 18.0% 17.6% 23.5% 0.4% -5.5%

Directional 49 48 86 1 -37 2.1% -43.0%
Horizontal 402 394 629 8 -227 2.0% -36.1%
Vertical 60 64 123 -4 -63 -6.3% -51.2%
Gulf of Mexico 20 20 31 0 -11 0.0% -35.5%
Gulf Oil 19 19 22 0 -3 0.0% -13.6%
Percent 95.0% 95.0% 71.0% 0.0% 24.0%

Gulf Gas 1 1 9 0 -8 0.0% -88.9%
Percent 5.0% 5.0% 29.0% 0.0% -24.0%

Canada 138 132 176 6 (38) 4.5% -21.6%
Oil 77 75 66 2 11 2.7% 16.7%
Percent 55.8% 56.8% 37.5% -1.0% 18.3%

Gas 61 56 110 5 (49) 8.9% -44.5%
Percent 44.2% 42.4% 62.5% 1.8% -18.3%

North America 649 638 1,014 11 (365) 1.7% -36.0%
Prices
Oil $/bbl. $44.77 $44.34 $45.63 $0.44 ($0.86) 1.0% -1.9%
Oil $/mmbtu $7.72 $7.64 $7.87 $0.08 ($0.15) 1.0% -1.9%
Gas $/mmbtu $3.08 $3.00 $2.57 $0.09 $0.51 2.9% 19.8%

Monthly: International Rig Counts

International rig count, which excludes the US and Canada, was up 11 to 938 for the month of July 2016 and is 180 rigs (16.1%) lower than last year's 1,118 rigs.

The total number of rotary rigs targeting oil in July was 680 up 3 from June and 169 (13.3%) lower than last year. International gas rigs were up 4 for the month at 201 and are 26 (11.5%) lower than last year.

International Rig Count
Monthly
Annual


Jul-2016 Jun-2016 Jul-2015 Change Percent Change Percent
Total Oil 680 677 849 3 0.4% -169 -19.9%

Gas 201 197 227 4 2.0% -26 -11.5%

Misc 57 53 42 4 7.5% 15 35.7%

Total 938 927 1118 11 1.2% -180 -16.1%
Europe Oil 49 48 60 1 2.1% -11 -18.3%

Gas 12 11 24 1 9.1% -12 -50.0%

Mis 33 32 24 1 3.1% 9 37.5%

Total 94 91 108 3 3.3% -14 -13.0%
Middle East Oil 288 284 292 4 1.4% -4 -1.4%

Gas 102 105 99 -3 -2.9% 3 3.0%

Mis 0 0 0 0 N.A. 0 N.A.

Total 390 389 391 1 0.3% -1 -0.3%
Africa Oil 50 58 67 -8 -13.8% -17 -25.4%

Gas 22 18 16 4 22.2% 6 37.5%

Mis 10 11 11 -1 -9.1% -1 -9.1%

Total 82 87 94 -5 -5.7% -12 -12.8%
Latin America Oil 158 151 289 7 4.6% -131 -45.3%

Gas 22 24 23 -2 -8.3% -1 -4.3%

Mis 6 3 1 3 100.0% 5 500.0%

Total 186 178 313 8 4.5% -127 -40.6%
Asia Pacific Oil 135 136 141 -1 -0.7% -6 -4.3%

Gas 43 39 65 4 10.3% -22 -33.8%

Mis 8 7 6 1 14.3% 2 33.3%

Total 186 182 212 4 2.2% -26 -12.3%


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.




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 - Canada
Click on graph for a larger image.
Rotary Rig Count - Canada Weekly
Click on graph for a larger image.
Rotary Rig Count - United States
Click on graph for a larger image.
Rotary Rig Count - United States
Click on graph for a larger image.
Rotary Rig Count - United States
Click on graph for a larger image.
Rotary Rig Count - United States
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 - 2016 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