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 to 569 for the week of November 24, 2021. It is 249 rigs (77.8%) higher than last year.

The number of rotary rigs drilling for oil is up 6 to 467. There are 226 more rigs targeting oil than last year. Rigs drilling for oil are 81.9 percent of all drilling activity. 

Rigs targeting natural gas were unchanged at 102. The number of rigs drilling for gas is 25 higher than last year.

Unspecified or miscellaneous rig count is unchanged at 0 and is 2 lower last year.

Year-over-year oil exploration in the U.S. is up 94 percent. Gas exploration is up 33 percent. The weekly average of crude oil spot price is 74 percent higher than last year and natural gas spot prices are 76 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 4 at 171 for the week of November 24, 2021 and is 69 (68%) higher than last year. Rigs targeting oil were up 4 at 106 and are 68 (179%) higher than last year. Gas directed rig count at 65 is unchanged for the week and is 1 (3%) higher than last year. Miscellaneous rig count was unchanged at 0. 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

11/24/2021 11/19/2021 11/27/2020 Weekly Annual Weekly Annual
Total U.S. 569 563 320 6 249 1.1% 77.8%
Offshore 15 15 12 0 3 0.0% 25.0%
Land 554 548 308 6 246 1.1% 79.9%
Inland Waters 2 2 2 0 0 0.0% 0.0%
Oil 467 461 241 6 226 1.3% 93.8%
Percent 82.1% 81.9% 75.3% 0.2% 6.8%

Gas 102 102 77 0 25 0.0% 32.5%
Percent 17.9% 18.1% 24.1% -0.2% -6.1%

Miscellaneous 0 0 2 0 (2)

Percent 0.0% 0.0% 0.6% 0.0% -0.6%

Directional 34 35 22 -1 12 -2.9% 54.5%
Horizontal 513 506 283 7 230 1.4% 81.3%
Vertical 22 22 15 0 7 0.0% 46.7%
Gulf of Mexico 15 15 12 0 3 0.0% 25.0%
Gulf Oil 15 15 12 0 3 0.0% 25.0%
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 171 167 102 4 69 2.4% 67.6%
Oil 106 102 38 4 68 3.9% 178.9%
Percent 62.0% 61.1% 37.3% 0.9% 24.7%

Gas 65 65 64 0 1 0.0% 1.6%
Percent 38.0% 38.9% 62.7% -0.9% -24.7%

North America 740 730 422 10 318 1.4% 75.4%
Prices






Oil $/bbl. $77.88 $79.02 $44.84 ($1.14) $33.04 -1.4% 73.7%
Oil $/mmbtu $13.43 $13.62 $7.73 ($0.20) $5.70 -1.4% 73.7%
Gas $/mmbtu $4.94 $5.00 $2.80 ($0.05) $2.14 -1.1% 76.3%

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.




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