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North American Rotary Rig Counts
The U.S. rotary rig count was down 12 at 1,918 for the week of October 17, 2014. It is 179 rigs (10.3%)higher than last year.
The number of rotary rigs drilling for oil was down 19 at 1,590. There are 229 more rigs targeting oil than last year. Rigs drilling for oil represent 82.9 percent of all drilling activity.
Rigs directed toward natural gas were up 8 at 328. The number of rigs drilling for gas is 44 lower than last year's level of 372.
Year-over-year oil exploration in the U.S. is up 16.8 percent. Gas exploration is down 11.8 percent. The weekly average of crude oil spot prices is 18.2 percent lower than last year and natural gas spot prices are 1.9 percent higher than last year. Daily crude oil and natural gas futures and spot prices are available on our site.
Canadian rig activity was down 3 at 417 for the week of October 17, 2014 and is 29 (7.5%) higher than last year's rig count. The number of rigs drilling for oil was down 1 at 231 and is 4 (1.7%) lower than last year. Gas directed rig count at 186 was down 2 and is 33 rigs (21.6%) higher 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.
| North American Rig Count |
Change |
Percent Change |
|
10/17/2014 |
10/10/2014 |
10/18/2013 |
Weekly |
Annual |
Weekly |
Annual |
| Total U.S. |
1,918 |
1,930 |
1,739 |
(12) |
179 |
-0.6% |
10.3% |
| Offshore |
57 |
58 |
58 |
(1) |
(1) |
-1.7% |
-1.7% |
| Land |
1,861 |
1,872 |
1,681 |
(11) |
180 |
-0.6% |
10.7% |
| Inland Waters |
14 |
13 |
19 |
1 |
(5) |
7.7% |
-26.3% |
| Oil |
1,590 |
1,609 |
1,361 |
(19) |
229 |
-1.2% |
16.8% |
| Percent |
82.9% |
83.4% |
78.3% |
-0.5% |
4.6% |
|
|
| Gas |
328 |
320 |
372 |
8 |
(44) |
2.5% |
-11.8% |
| Percent |
17.1% |
16.6% |
21.4% |
0.5% |
-4.3% |
|
|
| Directional |
203 |
207 |
239 |
-4 |
-36 |
-1.9% |
-15.1% |
| Horizontal |
1,353 |
1,353 |
1,099 |
0 |
254 |
0.0% |
23.1% |
| Vertical |
362 |
370 |
401 |
-8 |
-39 |
-2.2% |
-9.7% |
| Gulf of Mexico |
55 |
56 |
56 |
-1 |
-1 |
-1.8% |
-1.8% |
| Gulf Oil |
44 |
44 |
38 |
0 |
6 |
0.0% |
15.8% |
| Percent |
80.0% |
78.6% |
67.9% |
1.4% |
12.1% |
|
|
| Gulf Gas |
11 |
12 |
18 |
-1 |
-7 |
-8.3% |
-38.9% |
| Percent |
20.0% |
21.4% |
32.1% |
-1.4% |
-12.1% |
|
|
| Canada |
417 |
420 |
388 |
(3) |
29 |
-0.7% |
7.5% |
| Oil |
231 |
232 |
235 |
(1) |
(4) |
-0.4% |
-1.7% |
| Percent |
55.4% |
55.2% |
60.6% |
0.2% |
-5.2% |
|
|
| Gas |
186 |
188 |
153 |
(2) |
33 |
-1.1% |
21.6% |
| Percent |
44.6% |
44.8% |
39.4% |
-0.2% |
5.2% |
|
|
| North America |
2,335 |
2,350 |
2,127 |
(15) |
208 |
-0.6% |
9.8% |
| Prices |
| Oil $/bbl. |
$82.99 |
$87.63 |
$101.46 |
($4.64) |
($18.47) |
-5.3% |
-18.2% |
| Oil $/mmbtu |
$14.31 |
$15.11 |
$17.49 |
($0.80) |
($3.19) |
-5.3% |
-18.2% |
| Gas $/mmbtu |
$3.85 |
$3.87 |
$3.77 |
($0.02) |
$0.07 |
-0.6% |
1.9% |
Monthly: International Rig Counts
International rig count, which excludes the US and Canada, was down 43 to 1,339 for the month of August 2014 and is 72 rigs (5.7%) above last year's 1,267 rigs.
The total number of rotary rigs worldwide in Augustwas 3,642 up 34 from Julyand 226 (6.6%) higher than last year.
| Worldwide Rotary Rig Count |
Change |
Percent Change |
|
Aug 2014 |
Jul 2014 |
Aug 2013 |
Monthly |
Annual |
Monthly |
Annual |
| Latin America |
410 |
407 |
399 |
3 |
11 |
0.7% |
2.8% |
| Europe |
143 |
153 |
143 |
(10) |
0 |
-6.5% |
0.0% |
| Africa |
125 |
137 |
125 |
(12) |
0 |
-8.8% |
0.0% |
| Middle East |
406 |
432 |
362 |
(26) |
44 |
-6.0% |
12.2% |
| Far East |
255 |
253 |
238 |
2 |
17 |
0.8% |
7.1% |
| International |
1,339 |
1,382 |
1,267 |
(43) |
72 |
-3.1% |
5.7% |
| Canada |
399 |
350 |
368 |
49 |
31 |
14.0% |
8.4% |
| United States |
1,904 |
1,876 |
1,781 |
28 |
123 |
1.5% |
6.9% |
| World |
3,642 |
3,608 |
3,416 |
34 |
226 |
0.9% |
6.6% |
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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