The U.S.
rotary rig count increased by 12 to 1,113 for the week of November 20,
2009. It is 828
(42.7%) rigs
lower
than last year.
The
number of rotary rigs
drilling for oil was up 14 at 375. There are 44 fewer rigs
targeting
oil than last year. Rigs currently drilling
for oil represent 33.7% percent of total drilling activity.
Rigs
directed toward natural
gas were down 2 at 726. The number of rigs currently drilling
for
gas
is 785 less than last year's level of 1,511.
Year-over-year
oil exploration
in the US is down 10.5 percent. Gas exploration is down 52.0 percent.
The
weekly
average of crude oil spot prices is 50.5 percent higher than last
year
and natural gas spot prices are 49.3 percent
lower. Daily
crude oil and natural gas futures and spot prices
are available on
our site.
Canadian
rig activity* was up 30 at 293 for the week of November 20, 2009 and is 107
(26.8%) lower than last
year's rig count.
Canadian drilling falls rapidly in
the
spring to avoid environmental damage during the spring thaw and rainy
season.
*The
Canadian drilling
industry experiences wide seasonal swings and even year over year
comparisons
can lead to incorrect conclusions.
North
American Rig Count
Change
Percent Change
11/20/09
11/13/09
11/21/08
Weekly
Annual
Weekly
Annual
Total U.S.
1,113
1,101
1,941
12
(828)
1.1%
-42.7%
Offshore
36
37
62
(1)
(26)
-2.7%
-41.9%
Land
1,077
1,064
1,879
13
(802)
1.2%
-42.7%
Inland Waters
13
13
22
0
(9)
0.0%
-40.9%
Oil
375
361
419
14
(44)
3.9%
-10.5%
Percent
33.7%
32.8%
21.6%
0.9%
12.1%
Gas
726
728
1,511
(2)
(785)
-0.3%
-52.0%
Percent
65.2%
66.1%
77.8%
-0.9%
-12.6%
Directional
189
194
378
-5
-189
-2.6%
-50.0%
Horizontal
531
512
636
19
-105
3.7%
-16.5%
Gulf of Mexico
34
35
59
-1
-25
-2.9%
-42.4%
Gulf Oil
11
12
1
-1
10
-8.3%
1000.0%
Percent
32.4%
34.3%
1.7%
-1.9%
30.7%
Gulf Gas
23
23
58
0
-35
0.0%
-60.3%
Percent
67.6%
65.7%
98.3%
1.9%
-30.7%
Canada
293
263
400
30
(107)
11.4%
-26.8%
Oil
155
138
182
17
(27)
12.3%
-14.8%
Percent
52.9%
52.5%
45.5%
0.4%
7.4%
Gas
138
125
218
13
(80)
10.4%
-36.7%
Percent
47.1%
47.5%
54.5%
-0.4%
-7.4%
North America
1,406
1,364
2,341
42
(935)
3.1%
-39.9%
Monthly:
International and Workover Rig Counts
International
rig count,
which excludes the US and Canada, was down 3 at 983 for the
month
of October, 2009 and is 113 rigs or 10.3 percent below last
year's 1,96.
The total
number of rotary
rigs worldwide in October was
2,294 up 91 from September and
1,224
lower than
last year.
US
workover rig count for June,
2007 was down 9 to 1,548 and is 100
rigs below last year's level
of 1,657.
Source: Baker-Hughes
Change
Percent Change
Oct 2009
Sept 2009
Oct 2008
Monthly
Annual
Monthly
Annual
International Rig Count*
983
986
1,096
(3)
(113)
-0.3%
-10.3%
World Rig Count
2,294
2,203
3,518
91
(1,224)
4.1%
-34.8%
U.S. Workover Rig Count**
1,548
1,557
1,647
(9)
(99)
-0.6%
-6.0%
*International
Excludes
the U.S. and Canada
**Baker Hughes discontinued their workover rig count. The latest data
reported is for June, 2007
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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