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 48 at 571 for the week of February 5, 2016. It is 885 rigs (60.8%) lower than last year. Rig count is at the lowest level since the week of July 9, 1999 when there were 570 active rigs and the greatest decline since a 56 drop the week of March 20, 2015.

The number of rotary rigs drilling for oil was down 31 at 467. There are 673 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 down 17 at 104. The number of rigs drilling for gas is 210 lower than last year's level of 314.

Year-over-year oil exploration in the U.S. is down 59.0 percent. Gas exploration is down 66.9 percent. The weekly average of crude oil spot prices is 38.1 percent lower than last year and natural gas spot prices are 21.3 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 11 at 242 for the week of February 5, 2016 and is 139 (36.5%) lower than last year. The number of rigs drilling for oil was down up 5 at 131 and is 53 (28.8%) lower than last year. Gas directed rig count at 111 was up 6 and is 86 rigs (43.7%) 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

02/05/2016 01/29/2016 02/06/2015 Weekly Annual Weekly Annual
Total U.S. 571 619 1,456 (48) (885) -7.8% -60.8%
Offshore 26 28 50 (2) (24) -7.1% -48.0%
Land 545 591 1,406 (46) (861) -7.8% -61.2%
Inland Waters 2 1 9 1 (7) 100.0% -77.8%
Oil 467 498 1,140 (31) (673) -6.2% -59.0%
Percent 81.8% 80.5% 78.3% 1.3% 3.5%

Gas 104 121 314 (17) (210) -14.0% -66.9%
Percent 18.2% 19.5% 21.6% -1.3% -3.4%

Directional 53 58 135 -5 -82 -8.6% -60.7%
Horizontal 458 487 1,088 -29 -630 -6.0% -57.9%
Vertical 60 74 233 -14 -173 -18.9% -74.2%
Gulf of Mexico 26 28 48 -2 -22 -7.1% -45.8%
Gulf Oil 21 21 38 0 -17 0.0% -44.7%
Percent 80.8% 75.0% 79.2% 5.8% 1.6%

Gulf Gas 5 7 10 -2 -5 -28.6% -50.0%
Percent 19.2% 25.0% 20.8% -5.8% -1.6%

Canada 242 231 381 11 (139) 4.8% -36.5%
Oil 131 126 184 5 (53) 4.0% -28.8%
Percent 54.1% 54.5% 48.3% -0.4% 5.8%

Gas 111 105 197 6 (86) 5.7% -43.7%
Percent 45.9% 45.5% 51.7% 0.4% -5.8%

North America 813 850 1,837 (37) (1,024) -4.4% -55.7%
Prices
Oil $/bbl. $31.36 $32.20 $50.64 ($0.83) ($19.27) -2.6% -38.1%
Oil $/mmbtu $5.41 $5.55 $8.73 ($0.14) ($3.32) -2.6% -38.1%
Gas $/mmbtu $2.08 $2.20 $2.64 ($0.12) ($0.56) -5.3% -21.3%
.
Monthly: International Rig Counts

International rig count, which excludes the US and Canada, was down 24 to 1,251 for the month of  March 2015 and is 94 rigs (7.0%) lower than last year's 1,345 rigs.

The total number of rotary rigs worldwide in March was 2,557 down 429 from February and 1,040 (28.9%) lower than last year.

Worldwide Rotary Rig Count Change
Percent Change

Mar 2015 Feb 2014 Mar 2014 Monthly Annual Monthly Annual
Latin America 351 355 406 (4) (55) -1.1% -13.5%
Europe 135 133 148 2 (13) 1.5% -8.8%
Africa 125 132 132 (7) (7) -5.3% -5.3%
Middle East 407 415 401 (8) 6 -1.9% 1.5%
Far East 233 240 258 (7) (25) -2.9% -9.7%
International 1,251 1,275 1,345 (24) (94) -1.9% -7.0%
Canada 196 363 449 (167) (253) -46.0% -56.3%
United States 1,110 1,348 1,803 (238) (693) -17.7% -38.4%
World 2,557 2,986 3,597 (429) (1,040) -14.4% -28.9%

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.



Long term
Short Term
Rotary Rig Count - United States
Click on graph for a larger image.
Rotary Rig Count - United States 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 - International
Click on graph for a larger image.
Rotary Rig Count - International
Click on graph for a larger image.
Rotary Rig Count - World
Click on graph for a larger image.
Rotary Rig Count - World
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