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 10 at 751 for the week of February 17, 2017. It is 237 rigs (46.1%) higher than last year.

The number of rotary rigs drilling for oil was up 6 at 597. There are 184 more rigs targeting oil than last year. Rigs drilling for oil represent 79.5 percent of all drilling activity. 

Rigs directed toward natural gas were up 4 at 153. The number of rigs drilling for gas is 52 higher than last year's level of 101.

Year-over-year oil exploration in the U.S. is up 44.6 percent. Gas exploration is up 51.5 percent. The weekly average of crude oil spot prices is 77.4 percent higher than last year and natural gas spot prices are 51.4 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 21 at 331 for the week of February 17, 2017 and is up 125 (60.7%) from last year. The number of rigs drilling for oil was down 13 at 194 and is 85 (78.0%) higher than last year. Gas directed rig count at 137 was down 8 and is 40 rigs (41.2%) 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

02/17/2017 02/10/2017 02/19/2016 Weekly Annual Weekly Annual
Total U.S. 751 741 514 10 237 1.3% 46.1%
Offshore 18 21 25 (3) (7) -14.3% -28.0%
Land 733 720 489 13 244 1.8% 49.9%
Inland Waters 3 3 2 0 1 0.0% 50.0%
Oil 597 591 413 6 184 1.0% 44.6%
Percent 79.5% 79.8% 80.4% -0.3% -0.9%

Gas 153 149 101 4 52 2.7% 51.5%
Percent 20.4% 20.1% 19.6% 0.3% 0.7%

Directional 72 66 48 6 24 9.1% 50.0%
Horizontal 614 607 416 7 198 1.2% 47.6%
Vertical 65 68 50 -3 15 -4.4% 30.0%
Gulf of Mexico 17 20 25 -3 -8 -15.0% -32.0%
Gulf Oil 17 20 21 -3 -4 -15.0% -19.0%
Percent 100.0% 100.0% 84.0% 0.0% 16.0%

Gulf Gas 0 0 4 0 -4 n.a. -100.0%
Percent 0.0% 0.0% 16.0% 0.0% -16.0%

Canada 331 352 206 (21) 125 -6.0% 60.7%
Oil 194 207 109 (13) 85 -6.3% 78.0%
Percent 58.6% 58.8% 52.9% -0.2% 5.7%

Gas 137 145 97 (8) 40 -5.5% 41.2%
Percent 41.4% 41.2% 47.1% 0.2% -5.7%

North America 1,082 1,093 720 (11) 362 -1.0% 50.3%
Prices
Oil $/bbl. $53.22 $52.88 $30.00 $0.34 $23.22 0.6% 77.4%
Oil $/mmbtu $9.18 $9.12 $5.17 $0.06 $4.00 0.6% 77.4%
Gas $/mmbtu $2.85 $3.01 $1.88 ($0.16) $0.97 -5.2% 51.9%

Monthly: International Rig Counts

International rig count, which excludes the US and Canada, was down 3 to 934 for the month of September 2016 and is 206 rigs (18.1%) lower than last year's 1,140 rigs.

The total number of rotary rigs targeting oil in September was 684 up 6 from August and 187 (21.5%) lower than last year. International gas rigs were down 8 for the month at 194 and are 31 (13.8%) lower than last year.

International Rig Count
Monthly
Annual


Sep-2016 Aug-2016 Sep-2015 Change Percent Change Percent
Total Oil 684 678 871 6 0.9% -187 -21.5%

Gas 194 202 225 -8 -4.0% -31 -13.8%

Misc 56 57 44 -1 -1.8% 12 27.3%

Total 934 937 1140 -3 -0.3% -206 -18.1%
Europe Oil 41 44 60 -3 -6.8% -19 -31.7%

Gas 18 17 24 1 5.9% -6 -25.0%

Mis 33 35 25 -2 -5.7% 8 32.0%

Total 92 96 109 -4 -4.2% -17 -15.6%
Middle East Oil 294 285 300 9 3.2% -6 -2.0%

Gas 92 94 96 -2 -2.1% -4 -4.2%

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

Total 386 379 396 7 1.8% -10 -2.5%
Africa Oil 47 50 70 -3 -6.0% -23 -32.9%

Gas 20 21 14 -1 -4.8% 6 42.9%

Mis 10 10 12 0 0.0% -2 -16.7%

Total 77 81 96 -4 -4.9% -19 -19.8%
Latin America Oil 166 161 294 5 3.1% -128 -43.5%

Gas 20 22 24 -2 -9.1% -4 -16.7%

Mis 3 4 3 -1 -25.0% 0 0.0%

Total 189 187 321 2 1.1% -132 -41.1%
Asia Pacific Oil 136 138 147 -2 -1.4% -11 -7.5%

Gas 44 48 67 -4 -8.3% -23 -34.3%

Mis 10 8 4 2 25.0% 6 150.0%

Total 190 194 218 -4 -2.1% -28 -12.8%


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.
World Rig Count Foreign Rig Count
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 - 2017 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