Platts RigData: Q3 Starts Measured Growth for U.S. Land Rig Count

HOUSTON, Aug. 3, 2017 /PRNewswire/ -- Platts RigData, a forecasting and analytics unit of S&P Global Platts, today announced the U.S. rig count for July 2017 was 1,068, up 13 (1%) from June 2017, and up 548 (105%) from July 2016. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.

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Year to date the rig count has climbed a strong 51%, but the pace of growth has slowed from an average monthly sequential improvement of 8% in Q1 to 5% in Q2 to just 1% in the beginning of Q3.

  • July U.S. land rig count: 1,024, up 15 (1%) from the previous month and up 550 (116%) from July 2016.
  • July U.S. inland waters and Gulf of Mexico rig count: 44, down 2 (-4%) from the previous month and down 2 (-4%) from July 2016.

Platts RigData U.S. Rig Counts

















July 2017

June 2017

Month over Month Change

% Change


July 2016

Year over Year (YOY)

Variance

YOY % Variance

Colorado

44

41

3

7%


19

25

132%

Louisiana

49

50

-1

-2%


25

24

96%

New Mexico

59

60

-1

-2%


27

32

119%

North Dakota

54

53

1

2%


29

25

86%

Oklahoma

143

141

2

1%


61

82

134%

Texas

500

500

0

0%


231

269

116%

Rest of U.S. Land

175

164

11

7%


82

93

113%

U.S. Land Subtotal

1024

1009

15

1%


474

550

116%

U.S. Inland Waters

11

11

0

0%


10

1

10%

U.S. Gulf of Mexico

33

35

-2

-6%


36

-3

-8%

U.S. Inland and Gulf of Mexico

44

46

-2

-4%


46

-2

-4%

Total U.S. Rig Count

1,068

1,055

13

1%


520

548

105%











CONTACT 
Kathleen Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com

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SOURCE S&P Global Platts

For further information: Kathleen Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com; Gregory Tsichlis, + 817 616 2081, greg.tsichlis@spglobal.com; EMEA: Arnaud Humblot +44 207 176 6685, arnaud.humblot@spglobal.com and Alex Brog +44 207 176 7645, alex.brog@spglobal.com; Singapore: Platts (platts@ryancommunication.com)