The U.S.
rotary rig count increased by 18 to 1,335 for the week of February 5,
2010. It is 64 (4.6%)
rigs
lower
than last year.
The
number of rotary rigs
drilling for oil was up 1 at 445. There are 162 more rigs
targeting
oil than last year. Rigs currently drilling
for oil represent 33.3% percent of all drilling activity.
Rigs
directed toward natural
gas were up 17 at 878. The number of rigs currently drilling
for
gas
is 226 less than last year's level of 1,104.
Year-over-year
oil exploration
in the US is up 57.2 percent. Gas exploration is down 20.5 percent.
The
weekly
average of crude oil spot prices is 84.2 percent higher than last
year
and natural gas spot prices are 13.2 percent
higher. Daily
crude oil and natural gas futures and spot prices
are available on
our site.
Canadian
rig activity* was up 26 at 557 for the week of February 5, 2010 and is 134
(28.0%) 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
02/05/10
01/29/10
02/06/09
Weekly
Annual
Weekly
Annual
Total
U.S.
1,335
1,317
1,399
18
(64)
1.4%
-4.6%
Offshore
44
42
62
2
(18)
4.8%
-29.0%
Land
1,291
1,275
1,337
16
(46)
1.3%
-3.4%
Inland
Waters
11
14
7
(3)
4
-21.4%
57.1%
Oil
445
444
283
1
162
0.2%
57.2%
Percent
33.3%
33.7%
20.2%
-0.4%
13.1%
Gas
878
861
1,104
17
(226)
2.0%
-20.5%
Percent
65.8%
65.4%
78.9%
0.4%
-13.1%
Directional
230
226
281
4
-51
1.8%
-18.1%
Horizontal
659
647
518
12
141
1.9%
27.2%
Gulf of
Mexico
42
41
61
1
-19
2.4%
-31.1%
Gulf Oil
22
20
3
2
19
10.0%
633.3%
Percent
52.4%
48.8%
4.9%
3.6%
47.5%
Gulf Gas
20
21
58
-1
-38
-4.8%
-65.5%
Percent
47.6%
51.2%
95.1%
-3.6%
-47.5%
Canada
557
531
435
26
122
4.9%
28.0%
Oil
301
283
167
18
134
6.4%
80.2%
Percent
54.0%
53.3%
38.4%
0.7%
15.6%
Gas
256
248
268
8
(12)
3.2%
-4.5%
Percent
46.0%
46.7%
61.6%
-0.7%
-15.6%
North
America
1,892
1,848
1,834
44
58
2.4%
3.2%
Monthly:
International and Workover Rig Counts
International
rig count,
which excludes the US and Canada, was down 1 at 1,024 for the
month
of December, 2009 and is 54 rigs or 5.0 percent below last
year's 1,078.
The total
number of rotary
rigs worldwide in December was
2,509 up 100 from November and 712
lower than
last year.
US
workover rig count for June,
2007 was down 9 to 1,548 and is 100
rigs below last year's level
of 1,657.
Source: Baker-Hughes
Change
Percent Change
December 2009
November 2009
December
2008
Monthly
Annual
Monthly
Annual
International Rig Count*
1,024
1,025
1,078
(1)
(54)
-0.1%
-5.0%
World Rig Count
2,509
2,409
3,221
100
(712)
4.2%
-22.1%
U.S. Workover Rig Count**
1,548
1,557
1,647
(9)
(99)
-0.6%
-6.0%
*International
Excludes
the U.S. and Canada
**Baker Hughes discontinued their workover rig count. The latest data
reported is for June, 2007
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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