Total U.S. Rig Count Rose in November to 1,053

HOUSTON, Dec. 8, 2017 /PRNewswire/ -- S&P Global Platts Analytics, today announced the U.S. rig count for November 2017 was 1,053, up 20 (+2%) from October 2017, and up 373 (+55%) from November 2016. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.

  • November U.S. land rig count: 1,016, up 22 (+2%) from the previous month and up 374 (+58%) from November 2016
  • November U.S. inland waters and Gulf of Mexico rig count: 37, down 2 (-5%) from the previous month and down 1 (-3%) from November 2016

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"November's rig count, up 2% versus October's level, is unseasonably strong, given that the holidays typically create some slack in the rig count," said S&P Global Platts Senior Industry Analyst Trey Cowan. "The fact that it was better than the prior month is a nod to the stronger oil and natural gas prices of late."

S&P Global Platts U.S. Rig Counts

















November
2017

October
2017

Month
over
Month
Change

%
Change


November
2016

Variance
year
over
year
(YOY)

YOY %
Variance

Colorado

42

40

2

5%


22

20

91%

Louisiana

52

48

4

8%


31

21

68%

New Mexico

72

71

1

1%


32

40

125%

North Dakota

50

52

-2

-4%


36

14

39%

Oklahoma

125

127

-2

-2%


88

37

42%

Texas

491

480

11

2%


304

187

62%

Rest of U.S. Land

184

176

8

5%


129

55

43%

U.S. Land Subtotal

1016

994

22

2%


642

374

58%

U.S. Inland Waters

6

8

-2

-25%


7

-1

-14%

U.S. Gulf of Mexico (GOM)

31

31

0

0%


31

0

0%

U.S. Inland and GOM

37

39

-2

-5%


38

-1

-3%

Total U.S. Rig Count

1,053

1,033

20

2%


680

373

55%

CONTACT
Kathleen Tanzy, + 1 917 331 4607, [email protected]

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SOURCE S&P Global Platts

For further information: Kathleen Tanzy, + 1 917 331 4607, [email protected]; or Gregory Tsichlis, + 817 616 2081, [email protected], or EMEA: Arnaud Humblot +44 207 176 6685, [email protected], and Alex Brog +44 207 176 7645, [email protected]; or Singapore: [email protected]