U.S. Land Rig Count Experiences First Monthly Drop in 2017

HOUSTON, Oct. 9, 2017 /PRNewswire/ -- Platts RigData, a forecasting and analytics unit of S&P Global Platts, today announced the U.S. rig count for September 2017 was 1,043, down 28 (3%) from August 2017, and up 460 (79%) from September 2016. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.

  • September U.S. land rig count: 1,002, down 25 (2%) from the previous month and up 457 (84%) from September 2016
  • September U.S. inland waters and Gulf of Mexico rig count: 41, down 3 (7%) from the previous month and up 3 (8%) from September 2016

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"The slack in the rig count for U.S. land activity was heavily influenced by weather during September," said Trey Cowan, senior industry analyst, Platts RigData, an analytics unit of S&P Global Platts. "I would not be surprised if next month's count firms toward levels seen in August, prior to the storms, as producers play a little catchup."

Platts RigData U.S. Rig Counts

















September
2017

August
2017

Month
over
Month
Change

%
Change


September
2016

Variance
Year
over
Year
(YOY)

YOY %
Variance

Colorado

43

44

-1

-2%


21

22

105%

Louisiana

47

48

-1

-2%


24

23

96%

New Mexico

72

64

8

13%


29

43

148%

North Dakota

53

53

0

0%


30

23

77%

Oklahoma

137

142

-5

-4%


74

63

85%

Texas

483

503

-20

-4%


261

222

85%

Rest of U.S. Land

167

173

-6

-3%


106

61

58%

U.S. Land Subtotal

1,002

1,027

-25

-2%


545

457

84%

U.S. Inland Waters

8

11

-3

-27%


7

1

14%

U.S. Gulf of Mexico
(GOM)

33

33

0

0%


31

2

6%

U.S. Inland and
GOM

41

44

-3

-7%


38

3

8%

Total U.S. Rig
Count

1,043

1,071

-28

-3%


583

460

79%

 

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; Alex Brog, +44 207 176 7645, alex.brog@spglobal.com; Singapore: ASIA-platts (ASIA-platts@teneostrategy.com)