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 up 6 at 261 for the week of September 25, 2020. It is 599 rigs (69.7%) lower than last year.

The number of rotary rigs drilling for oil is up 4 to 183. There are 530 fewer rigs targeting oil than last year. Rigs drilling for oil are 70.1 percent of all drilling activity. 

Rigs targeting natural gas were up 2 at 75. The number of rigs drilling for gas is 71 lower than last year.

Unspecified or miscellaneous rig count is unchanged at 3 rigs compared with 2 last year.

Year-over-year oil exploration in the U.S. is down 74.3 percent. Gas exploration is down 48.6 percent. The weekly average of crude oil spot price is 30.1 percent lower than last year and natural gas spot prices are 18.7 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 7 to 71 for the week of September 25, 2020 and is 56 (44.1%) lower than last year. Rigs targeting oil were up 3 at 33 and are 55 (62.5%) lower than last year. Gas directed rig count at 34 is up 4 for the week and is 1 rig (2.6%) 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 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

09/25/2020 09/18/2020 09/27/2019 Weekly Annual Weekly Annual
Total U.S. 261 255 860 6 (599) 2.4% -69.7%
Offshore 14 14 24 0 (10) 0.0% -41.7%
Land 247 241 836 6 (589) 2.5% -70.5%
Inland Waters 1 1 1 0 0 0.0% 0.0%
Oil 183 179 713 4 (530) 2.2% -74.3%
Percent 70.1% 70.2% 82.9% -0.1% -12.8%

Gas 75 73 146 2 (71) 2.7% -48.6%
Percent 28.7% 28.6% 17.0% 0.1% 11.8%

Miscellaneous 3 3 1 0 2

Percent 1.1% 1.2% 0.1% -0.0% 1.0%

Directional 21 23 57 -2 -36 -8.7% -63.2%
Horizontal 224 215 752 9 -528 4.2% -70.2%
Vertical 16 17 51 -1 -35 -5.9% -68.6%
Gulf of Mexico 14 14 22 0 -8 0.0% -36.4%
Gulf Oil 14 14 21 0 -7 0.0% -33.3%
Percent 100.0% 100.0% 95.5% 0.0% 4.5%

Gulf Gas 0 0 1 0 -1 n.a. -100.0%
Percent 0.0% 0.0% 4.5% 0.0% -4.5%

Canada 71 64 127 7 (56) 10.9% -44.1%
Oil 33 30 88 3 (55) 10.0% -62.5%
Percent 46.5% 46.9% 69.3% -0.4% -22.8%

Gas 38 34 39 4 (1) 11.8% -2.6%
Percent 53.5% 53.1% 30.7% 0.4% 22.8%

North America 332 319 987 13 (655) 4.1% -66.4%
Prices






Oil $/bbl. $39.85 $39.55 $56.97 $0.29 ($17.12) 0.7% -30.1%
Oil $/mmbtu $6.87 $6.82 $9.82 $0.05 ($2.95) 0.7% -30.1%
Gas $/mmbtu $2.01 $2.21 $2.48 ($0.19) ($0.46) -8.8% -18.7%

Monthly: International Rig Counts

International rig count, which excludes the US and Canada, is up 4 to 747 for the month of August 2020 and is 391 rigs (34.4%) lower than last year's 1,138 rigs.

The number of rotary rigs targeting oil in August was 556 up 21 from July and is 271 (32.8%) lower than last year. International gas rigs were down 7 for the month at 164 and are 116 (41.4%) lower than last year. Miscellaneous or unclassified rigs at 27 are down 10 for the month and are 4 lower than last year. Most of these are likely oil rigs.

International Rig Count Change
Percent Change


August 2020 July 2020 August 2019 Monthly Annual Monthly Annual
International Oil 556 535 827 21 -271 3.9% -32.8%

Gas 164 171 280 -7 -116 -4.1% -41.4%

Misc. 27 37 31 -10 -4 -27.0% -12.9%

Total 747 743 1138 4 -391 0.5% -34.4%
Europe Oil 46 45 76 1 -30 2.2% -39.5%

Gas 51 51 105 0 -54 0.0% -51.4%

Misc. 12 9 12 3 0 33.3% 0.0%

Total 109 105 193 4 -84 3.8% -43.5%
Middle East Oil 235 228 322 7 -87 3.1% -27.0%

Gas 66 75 94 -9 -28 -12.0% -29.8%

Misc. 0 12 0 -12 0 -100.0% N.A.

Total 301 315 416 -14 -115 -4.4% -27.6%
Africa Oil 48 43 96 5 -48 11.6% -50.0%

Gas 9 9 11 0 -2 0.0% -18.2%

Misc. 5 4 8 1 -3 25.0% -37.5%

Total 62 56 115 6 -53 10.7% -46.1%
Latin America Oil 70 69 170 1 -100 1.4% -58.8%

Gas 5 5 23 0 -18 0.0% -78.3%

Misc. 0 0 1 0 -1 N.A. -100.0%

Total 75 74 194 1 -119 1.4% -61.3%
Asian Pacific Oil 157 150 163 7 -6 4.7% -3.7%

Gas 33 31 47 2 -14 6.5% -29.8%

Misc. 10 12 10 -2 0 -16.7% 0.0%

Total 200 193 220 7 -20 3.6% -9.1%


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 - 2020 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