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North
American Rotary Rig Counts
The U.S.
rotary rig count was down 18 at 1,875 for the week of December 19,
2014.
It
is 107 rigs (6.1%) higher
than last year.
The
number of rotary rigs
drilling for oil was down 10 at 1,536. There are 141 more rigs
targeting
oil than last year. Rigs drilling
for oil represent 81.9 percent of all drilling activity.
Rigs
directed toward natural
gas were down 82 at 338. The number of rigs drilling
for
gas is 34 lower than last year's level of 372.
Year-over-year
oil exploration
in the U.S. is up 10.1 percent. Gas exploration is down9.1 percent.
The
weekly
average of crude oil spot prices
is 43.1 percent lower than last
year
and natural gas spot prices are 15.6 percent lower than last year. Daily
crude oil and natural gas futures and spot prices
are available on
our site.
Canadian
rig activity was down 40 at 391 for the week of December 19, 2014 and is 7 (1.8%) higher than last
year's rig count.
The number of rigs drilling for oil was down 25 at 190 and is 37
(16.3%) lower than last year. Gas directed rig count at 201 was down 15
and is 30 rigs
(17.5%) 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 |
|
12/19/2014 |
12/12/2014 |
12/20/2013 |
Weekly |
Annual |
Weekly |
Annual |
| Total U.S. |
1,875 |
1,893 |
1,768 |
(18) |
107 |
-1.0% |
6.1% |
| Offshore |
58 |
60 |
61 |
(2) |
(3) |
-3.3% |
-4.9% |
| Land |
1,817 |
1,833 |
1,707 |
(16) |
110 |
-0.9% |
6.4% |
| Inland Waters |
12 |
13 |
22 |
(1) |
(10) |
-7.7% |
-45.5% |
| Oil |
1,536 |
1,546 |
1,395 |
(10) |
141 |
-0.6% |
10.1% |
| Percent |
81.9% |
81.7% |
78.9% |
0.3% |
3.0% |
|
|
| Gas |
338 |
346 |
372 |
(8) |
(34) |
-2.3% |
-9.1% |
| Percent |
18.0% |
18.3% |
21.0% |
-0.3% |
-3.0% |
|
|
| Directional |
195 |
196 |
223 |
-1 |
-28 |
-0.5% |
-12.6% |
| Horizontal |
1,356 |
1,367 |
1,140 |
-11 |
216 |
-0.8% |
18.9% |
| Vertical |
324 |
330 |
405 |
-6 |
-81 |
-1.8% |
-20.0% |
| Gulf of Mexico |
56 |
58 |
59 |
-2 |
-3 |
-3.4% |
-5.1% |
| Gulf Oil |
43 |
42 |
39 |
1 |
4 |
2.4% |
10.3% |
| Percent |
76.8% |
72.4% |
66.1% |
4.4% |
10.7% |
|
|
| Gulf Gas |
13 |
16 |
20 |
-3 |
-7 |
-18.8% |
-35.0% |
| Percent |
23.2% |
27.6% |
33.9% |
-4.4% |
-10.7% |
|
|
| Canada |
391 |
431 |
398 |
(40) |
(7) |
-9.3% |
-1.8% |
| Oil |
190 |
215 |
227 |
(25) |
(37) |
-11.6% |
-16.3% |
| Percent |
48.6% |
49.9% |
57.0% |
-1.3% |
-8.4% |
|
|
| Gas |
201 |
216 |
171 |
(15) |
30 |
-6.9% |
17.5% |
| Percent |
51.4% |
50.1% |
43.0% |
1.3% |
8.4% |
|
|
| North America |
2,266 |
2,324 |
2,166 |
(58) |
100 |
-2.5% |
4.6% |
Prices
|
| Oil $/bbl. |
$55.91 |
$61.13 |
$98.18 |
($5.22) |
($42.27) |
-8.5% |
-43.1% |
| Oil $/mmbtu |
$9.64 |
$10.54 |
$16.93 |
($0.90) |
($7.29) |
-8.5% |
-43.1% |
| Gas $/mmbtu |
$3.60 |
$3.59 |
$4.27 |
$0.01 |
($0.67) |
0.2% |
-15.6% |
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.
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