The U.S.
rotary rig count
was up 11 at 928 for the week of July 3, 2009 and is 51.7
percent
lower
than last year.
The
number of rotary rigs
drilling for oil was up 10 at 229. There are 144 fewer rigs
targeting
oil than last year. Rigs currently drilling
for oil represent 24.7% percent of total drilling activity.
Rigs
directed toward natural
gas were up 1 at 688. The number of rigs currently drilling
for
gas
is 851 less than last year's level of 1,539.
Year-over-year
oil exploration
in the US is down 38.5 percent. Gas exploration is down 55.3 percent.
The
weekly
average of crude oil spot prices is 50.7 percent lower than last
year
and natural gas spot prices are 71.7 percent
lower. Daily
crude oil and natural gas futures and spot prices are available on
our site.
Canadian
rig activity* was up 17 at 165 for the week of July 3, 2009 and is 223 (57.5%) 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
07/03/09
06/26/09
07/04/08
Weekly
Annual
Weekly
Annual
Total U.S.
928
917
1,921
11
(993)
1.2%
-51.7%
Offshore
42
43
63
(1)
(21)
-2.3%
-33.3%
Land
886
874
1,858
12
(972)
1.4%
-52.3%
Inland Waters
8
7
22
1
(14)
14.3%
-63.6%
Oil
229
219
373
10
(144)
4.6%
-38.6%
Percent
24.7%
23.9%
19.4%
0.8%
5.3%
Gas
688
687
1,539
1
(851)
0.1%
-55.3%
Percent
74.1%
74.9%
80.1%
-0.8%
-6.0%
Directional
161
171
387
-10
-226
-5.8%
-58.4%
Horizontal
396
390
555
6
-159
1.5%
-28.6%
Gulf of Mexico
42
43
63
-1
-21
-2.3%
-33.3%
Gulf Oil
4
4
3
0
1
0.0%
33.3%
Percent
9.5%
9.3%
4.8%
0.2%
4.8%
Gulf Gas
38
39
60
-1
-22
-2.6%
-36.7%
Percent
90.5%
90.7%
95.2%
-0.2%
-4.8%
Canada
165
148
388
17
(223)
11.5%
-57.5%
Oil
86
81
153
5
(67)
6.2%
-43.8%
Percent
52.1%
54.7%
39.4%
-2.6%
12.7%
Gas
79
67
235
12
(156)
17.9%
-66.4%
Percent
47.9%
45.3%
60.6%
2.6%
-12.7%
North America
1,093
1,065
2,309
28
(1,216)
2.6%
-52.7%
Monthly:
International and Workover Rig Counts
International
rig count,
which excludes the US and Canada, was up 7 at 993 for the
month
of May, 2009 and is 82 rigs or 7.6 percent below last
year's 1,075.
The total
number of rotary
rigs worldwide in May was
1,983 down 72 from April
and 1,090
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
May, 2009
April, 2009
May, 2008
Monthly
Annual
Monthly
Annual
International Rig Count*
993
986
1,075
7
(82)
0.7%
-7.6%
World Rig Count
1,983
2,055
3,073
(72)
(1,090)
-3.5%
-35.5%
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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