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 down 8 at 936 for the week of September 15, 2017. It is 430 rigs (85.0%) higher than last year.

The number of rotary rigs drilling for oil was down 7 at 749. There are 333 more rigs targeting oil than last year. Rigs drilling for oil represent 80.0 percent of all drilling activity. 

Rigs directed toward natural gas were down 1 at 186. The number of rigs drilling for gas is 97 higher than last year's level of 89.

Year-over-year oil exploration in the U.S. is up 80.0 percent. Gas exploration is up 109.0 percent. The weekly average of crude oil spot prices is 10.7 percent higher than last year and natural gas spot prices are 1.5 percent lower than last year. Daily crude oil and natural gas futures and spot prices are available on our site.

Canadian rig activity was up 10 at 212 for the week of September 15, 2017 and is 80 (60.6%) higher than last year. Rigs targeting oil were up 10 at 112 and are 37 (49.3%) higher than last year. Gas directed rig count at 100 was unchanged and is 44 rigs (78.6%) 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

09/15/2017 09/08/2017 09/16/2016 Weekly Annual Weekly Annual
Total U.S. 936 944 506 (8) 430 -0.8% 85.0%
Offshore 17 16 20 1 (3) 6.3% -15.0%
Land 919 928 486 (9) 433 -1.0% 89.1%
Inland Waters 4 5 4 (1) 0 -20.0% 0.0%
Oil 749 756 416 (7) 333 -0.9% 80.0%
Percent 80.0% 80.1% 82.2% -0.1% -2.2%

Gas 186 187 89 (1) 97 -0.5% 109.0%
Percent 19.9% 19.8% 17.6% 0.1% 2.3%

Directional 74 76 48 -2 26 -2.6% 54.2%
Horizontal 795 793 394 2 401 0.3% 101.8%
Vertical 67 75 64 -8 3 -10.7% 4.7%
Gulf of Mexico 17 16 20 1 -3 6.3% -15.0%
Gulf Oil 14 13 19 1 -5 7.7% -26.3%
Percent 82.4% 81.3% 95.0% 1.1% -12.6%

Gulf Gas 3 3 1 0 2 0.0% 200.0%
Percent 17.6% 18.8% 5.0% -1.1% 12.6%

Canada 212 202 132 10 80 5.0% 60.6%
Oil 112 102 75 10 37 9.8% 49.3%
Percent 52.8% 50.5% 56.8% 2.3% -4.0%

Gas 100 100 56 0 44 0.0% 78.6%
Percent 47.2% 49.5% 42.4% -2.3% 4.7%

North America 1,148 1,146 638 2 510 0.2% 79.9%
Prices






Oil $/bbl. $49.07 $48.58 $44.34 $0.49 $4.73 1.0% 10.7%
Oil $/mmbtu $8.46 $8.38 $7.64 $0.08 $0.82 1.0% 10.7%
Gas $/mmbtu $2.95 $2.88 $3.00 $0.08 ($0.04) 2.7% -1.5%

Monthly: International Rig Counts

International rig count, which excludes the US and Canada, was down 1 to 959 for the month of July 2017 and is 21 rigs (2.2%) higher than last year's 938 rigs.

The total number of rotary rigs targeting oil in July was 723 down 4 from Jume and 43 (6.3%) higher than last year. International gas rigs were up 3 for the month at 201 and at the same level as last year.

International Rig Count
Monthly
Annual


Jul-2017 Jun-2017 Jul-2016 Change Percent Change Percent
Total Oil 723 727 680 -4 -0.6% 43 6.3%

Gas 201 198 201 3 1.5% 0 0.0%

Misc 35 35 57 0 0.0% -22 -38.6%

Total 959 960 938 -1 -0.1% 21 2.2%
Europe Oil 46 51 49 -5 -9.8% -3 -6.1%

Gas 18 20 12 -2 -10.0% 6 50.0%

Mis 18 20 33 -2 -10.0% -15 -45.5%

Total 82 91 94 -9 -9.9% -12 -12.8%
Middle East Oil 299 298 288 1 0.3% 11 3.8%

Gas 98 99 102 -1 -1.0% -4 -3.9%

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

Total 397 397 390 0 0.0% 7 1.8%
Africa Oil 60 62 50 -2 -3.2% 10 20.0%

Gas 22 17 22 5 29.4% 0 0.0%

Mis 7 7 10 0 0.0% -3 -30.0%

Total 89 86 82 3 3.5% 7 8.5%
Latin America Oil 177 176 158 1 0.6% 19 12.0%

Gas 19 16 22 3 18.8% -3 -13.6%

Mis 0 0 6 0 N.A. -6 -100.0%

Total 196 192 186 4 2.1% 10 5.4%
Asia Pacific Oil 141 140 135 1 0.7% 6 4.4%

Gas 44 46 43 -2 -4.3% 1 2.3%

Mis 10 8 8 2 25.0% 2 25.0%

Total 195 194 186 1 0.5% 9 4.8%


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