Press Releases
HOUSTON, May 4, 2018 /PRNewswire/ -- S&P Global Platts Analytics, today announced the U.S. rig count for April 2018 was 1,147, up 52 (+5%) from March 2018, and up 176 (+18%) from April 2017. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.
- April U.S. land rig count: 1,099, up 46 (+4%) from the previous month and up 177 (+19%) from April 2017
- April U.S. inland waters and Gulf of Mexico rig count: 48, up 6 (+14%) from the previous month and down 1 (-2%) from April 2017
"On a month-over-month basis, the incremental growth in April's land rig count was driven entirely by continued ramp-up of drilling in 'traditional' oil formations versus natural gas formations. In fact, we saw that drilling activity that targeted natural gas formations actually fell slightly last month from the prior month," said S&P Global Platts Senior Industry Analyst Trey Cowan. "Regionally, the strength in Texas drilling activity came mainly from the Permian basis, though there was also boosted activity for liquids drilling in the Eagle Ford Shale basin."
Regarding non-land rigs, the April rise in U.S. inland waters was due in large part to new contracts on barge rigs.
"The Gulf of Mexico rig fleet is benefitting both from additional contracts as well as contract extensions," said S&P Global Platts Rig Analyst Trevor Crone.
S&P Global Platts U.S. Rig Counts
|
Apr |
Mar |
Month |
% |
Apr |
Variance |
YOY % | ||
|
Colorado |
31 |
30 |
1 |
3% |
31 |
0 |
0% | |
|
Louisiana |
41 |
44 |
-3 |
-7% |
44 |
-3 |
-7% | |
|
New Mexico |
87 |
86 |
1 |
1% |
56 |
31 |
55% | |
|
North Dakota |
55 |
54 |
1 |
2% |
47 |
8 |
17% | |
|
Oklahoma |
143 |
138 |
5 |
4% |
133 |
10 |
8% | |
|
Texas |
567 |
531 |
36 |
7% |
465 |
102 |
22% | |
|
Rest of U.S. Land |
175 |
170 |
5 |
3% |
146 |
29 |
20% | |
|
U.S. Land Subtotal |
1,099 |
1,053 |
46 |
4% |
922 |
177 |
19% | |
|
U.S. Inland Waters |
11 |
8 |
3 |
38% |
15 |
-4 |
-27% | |
|
U.S. Gulf of Mexico |
37 |
34 |
3 |
9% |
34 |
3 |
9% | |
|
U.S. Inland and Gulf of Mexico |
48 |
42 |
6 |
14% |
49 |
-1 |
-2% | |
|
Total U.S. Rig Count |
1,147 |
1,095 |
52 |
5% |
971 |
176 |
18% |
CONTACT
Kathleen Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com
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SOURCE S&P Global Platts