North American Rotary Rig Counts

The U.S. rotary rig count from Baker Hughes was up 7 at 769 for the week of October 14, 2022. It is 226 rigs (41.6%) higher than last year.

The number of rotary rigs drilling for oil is up 8 at 610. There are 165 more rigs targeting oil than last year. Rigs drilling for oil are 79.3 percent of all drilling activity. 

Rigs targeting natural gas were down 1 at 157. The number of rigs drilling for gas is 59 higher than last year.

Unspecified or miscellaneous rig count is unchanged at 2 and is 1 higher last year.

Year-over-year oil exploration in the U.S. is up 37.1 percent. Gas exploration is up 60.2 percent. The weekly average of crude oil spot price is 9.2 percent higher than last year and natural gas spot prices are 18.6 percent higher than last year. See Oil Futures Price Goes Negative.

 Daily crude oil and natural gas futures and spot prices are available on our site.

Canadian rig activity was up 1 at 216 for the week of October 14, 2022 and is 48 (28.6%) higher than last year. Rigs targeting oil were up 2 at 150 and are 52 (53.1%) higher than last year. Gas directed rig count at 66 is down 1 for the week and is 4 (5.7%) lower than last year. Miscellaneous rig count was unchanged at 0. Canadian drilling falls rapidly in the spring to avoid environmental damage by 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. Also, Canadians seem to take their holidays more serious than their counterparts in the U.S. and rig count usually drops near holidays.

North American Rig Count				Change		Percent Change
	10/14/2022	10/07/2022	10/15/2021	Weekly	Annual	Weekly	Annual
Total U.S.	769	762	543	7	226	0.9%	41.6%
Offshore	14	13	12	1	2	7.7%	16.7%
Land	755	749	531	6	224	0.8%	42.2%
Inland Waters	3	3	2	0	1	0.0%	50.0%
Oil	610	602	445	8	165	1.3%	37.1%
Percent	79.3%	79.0%	82.0%	0.3%	-2.6%
Gas	157	158	98	(1)	59	-0.6%	60.2%
Percent	20.4%	20.7%	18.0%	-0.3%	2.4%
Miscellaneous	2	2	0	0	2
Percent	0.3%	0.3%	0.0%	-0.0%	0.3%
Directional	41	41	32	0	9	0.0%	28.1%
Horizontal	705	698	481	7	224	1.0%	46.6%
Vertical	23	23	30	0	-7	0.0%	-23.3%
Gulf of Mexico	13	12	12	1	1	8.3%	8.3%
Gulf Oil	13	12	12	1	1	8.3%	8.3%
Percent	100.0%	100.0%	100.0%	0.0%	0.0%
Gulf Gas	0	0	0	0	0	n.a.	n.a.
Percent	0.0%	0.0%	0.0%	0.0%	0.0%
Canada	216	215	168	1	48	0.5%	28.6%
Oil	150	148	98	2	52	1.4%	53.1%
Percent	69.4%	68.8%	58.3%	0.6%	11.1%
Gas	66	67	70	(1)	(4)	-1.5%	-5.7%
Percent	30.6%	31.2%	41.7%	-0.6%	-11.1%
North America	985	977	711	8	274	0.8%	38.5%
Prices
Oil $/bbl.	$88.52	$87.80	$81.04	$0.72	$7.48	0.8%	9.2%
Oil $/mmbtu	$15.26	$15.14	$13.97	$0.12	$1.29	0.8%	9.2%
Gas $/mmbtu	$6.53	$6.79	$5.51	($0.26)	$1.03	-3.8%	18.6%

Monthly: International Rig Counts

International rig count, which excludes the US and Canada, is up 14 to 715 for the month of March 2021 and is 344 rigs (32.5%) lower than last year's 1,059 rigs.

The number of rotary rigs targeting oil in December was 535 unchanged from February and is 240 (31.0%) lower than last year. International gas rigs were up 7 for the month at 145 and are 77 (34.7%) lower than last year. Miscellaneous or unclassified rigs at 35 are up 7 for the month and are 27 (43.5%) lower than last year.

International Rig Count					Change		Percent Change
		Mar-2021	Feb-2021	Mar-2020	Monthly	Annual	Monthly	Annual
International	Oil	535	535	775	0	-240	0.0%	-31.0%
	Gas	145	138	222	7	-77	5.1%	-34.7%
	Misc.	35	28	62	7	-27	25.0%	-43.5%
	Total	715	701	1059	14	-344	2.0%	-32.5%
Europe	Oil	44	48	60	-4	-16	-8.3%	-26.7%
	Gas	40	37	55	3	-15	8.1%	-27.3%
	Misc.	16	13	8	3	8	23.1%	100.0%
	Total	100	98	123	2	-23	2.0%	-18.7%
Middle East	Oil	201	204	304	-3	-103	-1.5%	-33.9%
	Gas	59	56	94	3	-35	5.4%	-37.2%
	Misc.	1	0	30	1	-29	N.A.	-96.7%
	Total	261	260	428	1	-167	0.4%	-39.0%
Africa	Oil	49	47	88	2	-39	4.3%	-44.3%
	Gas	5	5	14	0	-9	0.0%	-64.3%
	Misc.	5	5	6	0	-1	0.0%	-16.7%
	Total	59	57	108	2	-49	3.5%	-45.4%
Latin America	Oil	108	108	156	0	-48	0.0%	-30.8%
	Gas	16	17	13	-1	3	-5.9%	23.1%
	Misc.	1	0	0	1	1	N.A.	N.A.
	Total	125	125	169	0	-44	0.0%	-26.0%
Asian Pacific	Oil	133	128	167	5	-34	3.9%	-20.4%
	Gas	25	23	46	2	-21	8.7%	-45.7%
	Misc.	12	10	18	2	-6	20.0%	-33.3%
	Total	170	161	231	9	-61	5.6%	-26.4%

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.