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 from Baker Hughes was down 4 at 983 for the week of May 24, 2019. It is 76 rigs (7.2%) lower than last year.

The number of rotary rigs drilling for oil is down 5 to 797. There are 62 fewer rigs targeting oil than last year. Rigs drilling for oil are 81.1 percent of all drilling activity. 

Rigs targeting natural gas were up 1 at 186. The number of rigs drilling for gas is 12 lower than last year.

Year-over-year oil exploration in the U.S. is down 7.2 percent. Gas exploration is down 6.1 percent. The weekly average of crude oil spot price is 13.5 percent lower than last year and natural gas spot prices are 8.2 percent lower than last year. Daily crude oil and natural gas futures and spot prices are available on our site.

Canadian rig activity was up 15 at 78 for the week of May 24, 2019 and is 3 (3.7%) lower than last year. Rigs targeting oil were up 16 at 38 and are 3 (8.6%) lower than last year. Gas directed rig count at 40 was down 1 and is 64 rigs (13.0%) lower 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. Also, Canadians take their holidays more serious than their counterparts in the U.S. and rig count drops.

North American Rig Count
Change
Percent Change

05/24/2019 05/17/2019 05/25/2018 Weekly Annual Weekly Annual
Total U.S. 983 987 1,059 (4) (76) -0.4% -7.2%
Offshore 22 22 19 0 3 0.0% 15.8%
Land 961 965 1,040 (4) (79) -0.4% -7.6%
Inland Waters 4 4 4 0 0 0.0% 0.0%
Oil 797 802 859 (5) (62) -0.6% -7.2%
Percent 81.1% 81.3% 81.1% -0.2% -0.0%

Gas 186 185 198 1 (12) 0.5% -6.1%
Percent 18.9% 18.7% 18.7% 0.2% 0.2%

Directional 69 73 67 -4 2 -5.5% 3.0%
Horizontal 863 866 926 -3 -63 -0.3% -6.8%
Vertical 51 48 66 3 -15 6.3% -22.7%
Gulf of Mexico 22 22 18 0 4 0.0% 22.2%
Gulf Oil 19 19 15 0 4 0.0% 26.7%
Percent 86.4% 86.4% 83.3% 0.0% 3.0%

Gulf Gas 3 3 3 0 0 0.0% 0.0%
Percent 13.6% 13.6% 16.7% 0.0% -3.0%

Canada 78 63 81 15 (3) 23.8% -3.7%
Oil 38 22 35 16 3 72.7% 8.6%
Percent 48.7% 34.9% 43.2% 13.8% 5.5%

Gas 40 41 46 (1) (6) -2.4% -13.0%
Percent 51.3% 65.1% 56.8% -13.8% -5.5%

North America 1,061 1,050 1,140 11 (79) 1.0% -6.9%
Prices






Oil $/bbl. $61.38 $62.11 $70.99 ($0.73) ($9.61) -1.2% -13.5%
Oil $/mmbtu $10.58 $10.71 $12.24 ($0.13) ($1.66) -1.2% -13.5%
Gas $/mmbtu $2.60 $2.63 $2.83 ($0.03) ($0.23) -1.1% -8.2%

Monthly: International Rig Counts

International rig count, which excludes the US and Canada, is up 12 to 1,039 for the month of March 2019 and is 67 rigs (6.9%) higher than last year's 972 rigs.

The number of rotary rigs targeting oil in March was 824 up 7 from February and is 71 (9.4%) higher than last year. International gas rigs were up 2 for the month at 187 and are 1 higher than last year. Miscellaneous or unclassified rigs at 28 are up 3 for the month and are 5 lower than last year.

International Rig Count
Monthly
Annual


Mar-2019 Feb-2019 Mar-2018 Change Percent Change Percent
Total Oil 824 817 753 7 0.9% 71 9.4%

Gas 187 185 186 2 1.1% 1 0.5%

Misc 28 25 33 3 12.0% -5 -15.2%

Total 1039 1027 972 12 1.2% 67 6.9%
Europe Oil 65 64 55 1 1.6% 10 18.2%

Gas 18 19 16 -1 -5.3% 2 12.5%

Mis 12 11 18 1 9.1% -6 -33.3%

Total 95 94 89 1 1.1% 6 6.7%
Middle East Oil 309 317 301 -8 -2.5% 8 2.7%

Gas 86 81 96 5 6.2% -10 -10.4%

Mis 0 0 0 0 N.A. 0 N.A.

Total 395 398 397 -3 -0.8% -2 -0.5%
Africa Oil 104 91 67 13 14.3% 37 55.2%

Gas 14 14 15 0 0.0% -1 -6.7%

Mis 9 8 7 1 12.5% 2 28.6%

Total 127 113 89 14 12.4% 38 42.7%
Latin America Oil 166 162 175 4 2.5% -9 -5.1%

Gas 22 20 18 2 10.0% 4 22.2%

Mis 0 0 0 0 N.A. 0 N.A.

Total 188 182 193 6 3.3% -5 -2.6%
Asia Pacific Oil 180 183 155 -3 -1.6% 25 16.1%

Gas 47 51 41 -4 -7.8% 6 14.6%

Mis 7 6 8 1 16.7% -1 -12.5%

Total 234 240 204 -6 -2.5% 30 14.7%

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.




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
                - Canada
Click on graph for a larger image.
Rotary Rig
                Count - Canada Weekly
Click on graph for a larger image.
Rotary Rig
                Count - United States
Click on graph for a larger image.
Rotary Rig
                Count - United States
Click on graph for a larger image.
Rotary Rig
                Count - United States
Click on graph for a larger image.
Rotary Rig
                Count - United States
Click on graph for a larger image.
World Rig Count Foreign Rig Count
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 - 2019 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