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North
American Rotary Rig Counts
The U.S.
rotary rig count was unchanged at 1,769 for the week of May 17,
2013. It is 217 rigs (10.9%) lower
than last year.
The
number of rotary rigs
drilling for oil was down 4 at 1,408. There are 40 more rigs
targeting
oil than last year. Rigs drilling
for oil represent 79.6 percent of all drilling activity.
Rigs
directed toward natural
gas were up 4 at 354. The number of rigs currently drilling
for
gas
is 246 lower than last year's level of 600.
Year-over-year
oil exploration
in the U.S. is up 1.9 percent. Gas exploration is down 41.0 percent.
The
weekly
average of crude oil spot prices
is 1.7 percent higher than last
year
and natural gas spot prices are 59.4 percent higher than last year. Daily
crude oil and natural gas futures and spot prices
are available on
our site.
Canadian
rig activity is up 5 at 123 for the week of May 17,
2013 and is equal to last
year's rig count.
The number of rigs drilling for oil was up 5 at 70 and is 6
(7.9%) lower than last year. Gas directed rig count was unchanged
at 53
and
is 6 (12.8%) higher than a year ago. Canadian
drilling falls
rapidly in
the
spring to avoid environmental damage moving drilling equipment during
the spring thaw and rainy
season. With wide weather related seasonal
swings, even
year-over-year
comparisons
can lead to incorrect conclusions.
North American Rig
Count
|
Change
|
Percent Change |
|
05/17/2013 |
05/10/2013 |
05/18/2012 |
Weekly |
Annual |
Weekly |
Annual |
| Total U.S. |
1,769 |
1,769 |
1,986 |
0 |
(217) |
0.0% |
-10.9% |
| Offshore |
52 |
50 |
47 |
2 |
5 |
4.0% |
10.6% |
| Land |
1,717 |
1,719 |
1,939 |
(2) |
(222) |
-0.1% |
-11.4% |
| Inland Waters |
24 |
23 |
22 |
1 |
2 |
4.3% |
9.1% |
| Oil |
1,408 |
1,412 |
1,382 |
(4) |
26 |
-0.3% |
1.9% |
| Percent |
79.6% |
79.8% |
69.6% |
-0.2% |
10.0% |
|
|
| Gas |
354 |
350 |
600 |
4 |
(246) |
1.1% |
-41.0% |
| Percent |
20.0% |
19.8% |
30.2% |
0.2% |
-10.2% |
|
|
| Directional |
211 |
198 |
227 |
13 |
-16 |
6.6% |
-7.0% |
| Horizontal |
1,096 |
1,099 |
1,193 |
-3 |
-97 |
-0.3% |
-8.1% |
| Vertical |
462 |
472 |
566 |
-10 |
-104 |
-2.1% |
-18.4% |
| Gulf of Mexico |
49 |
47 |
46 |
2 |
3 |
4.3% |
6.5% |
| Gulf Oil |
40 |
37 |
19 |
3 |
21 |
8.1% |
110.5% |
| Percent |
81.6% |
78.7% |
41.3% |
2.9% |
40.3% |
|
|
| Gulf Gas |
9 |
10 |
27 |
-1 |
-18 |
-10.0% |
-66.7% |
| Percent |
18.4% |
21.3% |
58.7% |
-2.9% |
-40.3% |
|
|
| Canada |
123 |
118 |
123 |
5 |
0 |
4.2% |
0.0% |
| Oil |
70 |
65 |
76 |
5 |
(6) |
7.7% |
-7.9% |
| Percent |
56.9% |
55.1% |
61.8% |
1.8% |
-4.9% |
|
|
| Gas |
53 |
53 |
47 |
0 |
6 |
0.0% |
12.8% |
| Percent |
43.1% |
44.9% |
38.2% |
-1.8% |
4.9% |
|
|
| North America |
1,892 |
1,887 |
2,109 |
5 |
(217) |
0.3% |
-10.3% |
Prices
|
| Oil $/bbl. |
$94.71 |
$96.17 |
$93.12 |
-$1.46 |
$1.59 |
-1.5% |
1.7% |
| Gas $/mmbtu |
$3.962 |
$3.894 |
$2.485 |
$0.068 |
$1.477 |
1.8% |
59.4% |
Monthly:
International Rig Counts
International
rig count,
which excludes the US and Canada, was up 33 to 1,301 for the
month
of April 2013 and is 123 rigs (10.4%) above
last
year's 1,178 rigs.
| *The rig count for October includes 72 rigs in Iraq. Iraq's
rig count was not included last year's total. Compared to last year
without Iraq
the rig count would be 1,229 and 51 rigs higher than last year. |
The total
number of rotary
rigs worldwide in April was
3,209 down 279 from March and 89 (2.7%)
lower than
last year.
| Worldwide Rotary Rig
Count |
Change
|
Percent Change |
|
April 2013 |
March 2013 |
April 2012 |
Monthly |
Annual |
Monthly |
Annual |
| Latin America |
429 |
437 |
423 |
(8) |
6 |
-1.8% |
1.4% |
| Europe |
136 |
133 |
118 |
3 |
18 |
2.3% |
15.3% |
| Africa |
125 |
115 |
80 |
10 |
45 |
8.7% |
56.3% |
| Middle East |
354 |
336 |
312 |
18 |
42 |
5.4% |
13.5% |
| Far East |
257 |
247 |
245 |
10 |
12 |
4.0% |
4.9% |
| International |
1,301 |
1,268 |
1,178 |
33 |
123 |
2.6% |
10.4% |
| Canada |
153 |
464 |
158 |
(311) |
(5) |
-67.0% |
-3.2% |
| United States |
1,755 |
1,756 |
1,962 |
(1) |
(207) |
-0.1% |
-10.6% |
| World |
3,209 |
3,488 |
3,298 |
(279) |
(89) |
-8.0% |
-2.7% |
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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