Upward Trend Continues for U.S. Drilling Activity - S&P Global Platts

HOUSTON, April 9, 2018 /PRNewswire/ -- S&P Global Platts Analytics today announced the U.S. rig count for March 2018 was 1,095, up 18 (+2%) from February 2018, and up 194 (+22%) from March 2017. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.

  • March U.S. land rig count: 1,053, up 17 (+2%) from the previous month and up 201 (+24%) from March 2017
  • March U.S. inland waters and Gulf of Mexico rig count: 42, up 1 (+2%) from the previous month and down 7 (-14%) from March 2017

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"We're seeing solid sequential gains in the month-to-month rig count," said S&P Global Platts Senior Industry Analyst Trey Cowan. "The bulk of the land-rig improvement was from increased drilling in Texas. A further breakout of the growth factors shows that the Permian Basin accounted for half the growth, with the remainder comprised of additional East Texas and South Texas drilling."  

S&P Global Platts U.S. Rig Counts
















Mar
2018

Feb
2018

Month
over
Month
Change

%
Change


Mar
2017

Variance
Year
over
Year
(YOY)

YOY %
Variance

Colorado

30

32

-2

-6%


31

-1

-3%

Louisiana

44

47

-3

-6%


40

4

10%

New Mexico

86

90

-4

-4%


48

38

79%

North Dakota

54

51

3

6%


43

11

26%

Oklahoma

138

133

5

4%


124

14

11%

Texas

531

511

20

4%


435

96

22%

Rest of U.S. Land

170

172

-2

-1%


131

39

30%

U.S. Land Subtotal

1,053

1,036

17

2%


852

201

24%

U.S. Inland Waters

8

6

2

33%


15

-7

-47%

U.S. Gulf of Mexico

34

35

-1

-3%


34

0

0%

U.S. Inland and Gulf of Mexico

42

41

1

2%


49

-7

-14%

Total U.S. Rig Count

1,095

1,077

18

2%


901

194

22%

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

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SOURCE S&P Global Platts

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