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 was up 1 at 1,929 for the week of November 21, 2014. It is 168 rigs (9.5%) higher than last year.

The number of rotary rigs drilling for oil was down 4 at 1,574. There are 187 more rigs targeting oil than last year. Rigs drilling for oil represent 81.6 percent of all drilling activity. 

Rigs directed toward natural gas were up 5 at 355. The number of rigs drilling for gas is 14 lower than last year's level of 369.

Year-over-year oil exploration in the U.S. is up 9.5 percent. Gas exploration is down 3.8 percent. The weekly average of crude oil spot prices is 20.1 percent lower than last year and natural gas spot prices are 17.8 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 32 at 434 for the week of November 21, 2014 and is 32 (17.9%) higher than last year's rig count. The number of rigs drilling for oil was up 27 at 243 and is 43 (21.5%) lhigher than last year. Gas directed rig count at 191 was up 5 and is 23 rigs (13.7%) 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

11/21/2014 11/14/2014 11/22/2013 Weekly Annual Weekly Annual
Total U.S. 1,929 1,928 1,761 1 168 0.1% 9.5%
Offshore 53 52 57 1 (4) 1.9% -7.0%
Land 1,876 1,876 1,704 0 172 0.0% 10.1%
Inland Waters 12 13 19 (1) (7) -7.7% -36.8%
Oil 1,574 1,578 1,387 (4) 187 -0.3% 13.5%
Percent 81.6% 81.8% 78.8% -0.2% 2.8%

Gas 355 350 369 5 (14) 1.4% -3.8%
Percent 18.4% 18.2% 21.0% 0.2% -2.6%

Directional 205 205 216 0 -11 0.0% -5.1%
Horizontal 1,372 1,369 1,127 3 245 0.2% 21.7%
Vertical 352 354 418 -2 -66 -0.6% -15.8%
Gulf of Mexico 51 50 55 1 -4 2.0% -7.3%
Gulf Oil 38 37 39 1 -1 2.7% -2.6%
Percent 74.5% 74.0% 70.9% 0.5% 3.6%

Gulf Gas 13 13 16 0 -3 0.0% -18.8%
Percent 25.5% 26.0% 29.1% -0.5% -3.6%

Canada 434 402 368 32 66 8.0% 17.9%
Oil 243 216 200 27 43 12.5% 21.5%
Percent 56.0% 53.7% 54.3% 2.3% 1.6%

Gas 191 186 168 5 23 2.7% 13.7%
Percent 44.0% 46.3% 45.7% -2.3% -1.6%

North America 2,363 2,330 2,129 33 234 1.4% 11.0%
Prices
Oil $/bbl. $75.14 $76.50 $94.08 ($1.36) ($18.94) -1.8% -20.1%
Oil $/mmbtu $12.96 $13.19 $16.22 ($0.23) ($3.27) -1.8% -20.1%
Gas $/mmbtu $4.34 $4.13 $3.68 $0.21 $0.66 5.0% 17.8%
.
Monthly: International Rig Counts

International rig count, which excludes the US and Canada, was down 43 to 1,339 for the month of  August 2014 and is 72 rigs (5.7%) above last year's 1,267 rigs.

The total number of rotary rigs worldwide in August was 3,642 up 34 from July and 226 (6.6%) higher than last year.

Worldwide Rotary Rig Count Change
Percent Change

Aug 2014 Jul 2014 Aug 2013 Monthly Annual Monthly Annual
Latin America 410 407 399 3 11 0.7% 2.8%
Europe 143 153 143 (10) 0 -6.5% 0.0%
Africa 125 137 125 (12) 0 -8.8% 0.0%
Middle East 406 432 362 (26) 44 -6.0% 12.2%
Far East 255 253 238 2 17 0.8% 7.1%
International 1,339 1,382 1,267 (43) 72 -3.1% 5.7%
Canada 399 350 368 49 31 14.0% 8.4%
United States 1,904 1,876 1,781 28 123 1.5% 6.9%
World 3,642 3,608 3,416 34 226 0.9% 6.6%

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 - 2013 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