Press Releases
HOUSTON, Jan. 4, 2018 /PRNewswire/ -- S&P Global Platts Analytics, today announced the U.S. rig count for December 2017 was 1,030, down 23 (-2%) from November 2017, and up 321 (+45%) from December 2016. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.
- December U.S. land rig count: 989, down 27 (-3%) from the previous month and up 317 (+47%) from December 2016
- December U.S. inland waters and Gulf of Mexico rig count: 41, up 4 (11%) from the previous month and up 4 (11%) from December 2016
S&P Global Platts Senior Industry Analyst Trey Cowan said: "The appetite for shallow conventional wells waned during December and accounted for nearly the entire pullback in drilling activity during the month. But the fact that horizontal drilling continued at a stable pace over the holidays suggests that underlying prices of oil and gas are at levels that will likely cause the overall U.S. rig count to climb during 2018."
|
S&P Global Platts U.S. Rig Counts |
||||||||
|
December |
November |
Month |
% |
December |
Variance |
YOY % | ||
|
Colorado |
38 |
42 |
-4 |
-10% |
26 |
12 |
46% | |
|
Louisiana |
51 |
52 |
-1 |
-2% |
21 |
70% | ||
|
New Mexico |
74 |
72 |
2 |
3% |
32 |
42 |
131% | |
|
North Dakota |
48 |
50 |
-2 |
-4% |
36 |
12 |
33% | |
|
Oklahoma |
125 |
125 |
0 |
0% |
90 |
35 |
39% | |
|
Texas |
489 |
491 |
-2 |
0% |
336 |
153 |
46% | |
|
Rest of U.S. Land |
164 |
184 |
-20 |
-11% |
122 |
42 |
34% | |
|
U.S. Land Subtotal |
989 |
1016 |
-27 |
-3% |
672 |
317 |
47% | |
|
U.S. Inland Waters |
6 |
6 |
0 |
0% |
5 |
1 |
20% | |
|
U.S. Gulf of Mexico (GOM) |
35 |
31 |
4 |
13% |
32 |
3 |
9% | |
|
U.S. Inland and GOM |
41 |
37 |
4 |
11% |
37 |
4 |
11% | |
|
Total U.S. Rig Count |
1,030 |
1,053 |
-23 |
-2% |
709 |
321 |
45% | |
CONTACT
Kathleen Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com
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SOURCE S&P Global Platts