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2015-08-09 18:25:00

USA RIGS UP 10

USA RIGS UP 10

U.S. Rig Count is up 10 rigs from last week to 884, with oil rigs up 6 to 670, gas rigs up 4 to 213, and miscellaneous rigs unchanged at 1.

U.S. Rig Count is down 1,024 rigs from last year at 1,908, with oil rigs down 918, gas rigs down 103, and miscellaneous rigs down 3.

The U.S. Offshore rig count is 38, up 4 rigs from last week, and down 24 rigs year over year.

Canadian Rig Count is down 7 rigs from last week to 208, with oil rigs down 12 to 100, and gas rigs up 5 to 108.

Canadian Rig Count is down 179 rigs from last year at 387, with oil rigs down 122, and gas rigs down 57.

 

 

 

Week

 

Year

Location

Week

+/-

Ago

+/-

Ago

 

 

 

 

 

 

Land

840

5

835

-992

1832

Inland Waters

6

1

5

-8

14

Offshore

38

4

34

-24

62

United States Total

884

10

874

-1024

1908

 

 

 

 

 

 

Gulf Of Mexico

37

3

34

-23

60

 

 

 

 

 

 

Canada

208

-7

215

-179

387

 

 

 

 

 

 

North America

1092

3

1089

-1203

2295

           

U.S. Breakout Information

This Week

+/-

Last Week

+/-

Year Ago

 

 

 

 

 

 

Oil

670

6

664

-918

1588

Gas

213

4

209

-103

316

Miscellaneous

1

0

1

-3

4

 

 

 

 

 

 

Directional

83

-1

84

-130

213

Horizontal

672

8

664

-645

1317

Vertical

129

3

126

-249

378

 

 

 

 

 

 

Canada Breakout Information

This Week

+/-

Last Week

+/-

Year Ago

 

 

 

 

 

 

Oil

100

-12

112

-122

222

Gas

108

5

103

-57

165

Miscellaneous

0

0

0

0

0

           

Major State Variances

This Week

+/-

Last Week

+/-

Year Ago

 

 

 

 

 

 

Alaska

9

0

9

1

8

Arkansas

4

0

4

-7

11

California

12

1

11

-36

48

Colorado

36

-2

38

-35

71

Kansas

10

3

7

-16

26

Louisiana

82

4

78

-31

113

New Mexico

54

0

54

-40

94

North Dakota

71

1

70

-111

182

Ohio

20

-1

21

-23

43

Oklahoma

107

0

107

-104

211

Pennsylvania

39

-3

42

-12

51

Texas

383

8

375

-525

908

Utah

4

0

4

-21

25

West Virginia

19

2

17

-7

26

Wyoming

22

0

22

-26

48

           

Major Basin Variances

This Week

+/-

Last Week

+/-

Year Ago

 

 

 

 

 

 

Ardmore Woodford

5

0

5

-1

6

Arkoma Woodford

5

0

5

-2

7

Barnett

8

0

8

-18

26

Cana Woodford

36

-1

37

4

32

DJ-Niobrara

31

0

31

-26

57

Eagle Ford

98

0

98

-103

201

Fayetteville

4

0

4

-5

9

Granite Wash

17

0

17

-56

73

Haynesville

31

1

30

-13

44

Marcellus

55

-1

56

-19

74

Mississippian

19

0

19

-61

80

Permian

254

6

248

-306

560

Utica

23

-1

24

-22

45

Williston

72

1

71

-119

191

bakerhughes.com

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More: 

US RIGS DOWN 2 

US RIGS +19 

US RIGS UP 1 

US RIGS UP 3 

US RIGS UP 2

 

 

 

Tags: US, CANADA, OIL, GAS, RIG

Chronicle:

USA RIGS UP 10
2018, June, 18, 14:00:00

U.S. IS BETTER

IMF - Within the next few years, the U.S. economy is expected to enter its longest expansion in recorded history. The Tax Cuts and Jobs Act and the approved increase in spending are providing a significant boost to the economy. We forecast growth of close to 3 percent this year but falling from that level over the medium-term. In my discussions with Secretary Mnuchin he was clear that he regards our medium-term outlook as too pessimistic. Frankly, I hope he is right. That would be good for both the U.S. and the world economy.

USA RIGS UP 10
2018, June, 18, 13:55:00

U.S. ECONOMY UP

IMF - The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is already near levels not seen since the late 1960s and growth is set to accelerate, aided by a near-term fiscal stimulus, a welcome recovery of private investment, and supportive financial conditions. These positive outturns have supported, and been reinforced by, a favorable external environment with a broad-based pick up in global activity. Next year, the U.S. economy is expected to mark the longest expansion in its recorded history. The balance of evidence suggests that the U.S. economy is beyond full employment.

USA RIGS UP 10
2018, June, 18, 13:50:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

U.S. FRB - Industrial production edged down 0.1 percent in May after rising 0.9 percent in April. Manufacturing production fell 0.7 percent in May, largely because truck assemblies were disrupted by a major fire at a parts supplier. Excluding motor vehicles and parts, factory output moved down 0.2 percent. The index for mining rose 1.8 percent, its fourth consecutive month of growth; the output of utilities moved up 1.1 percent. At 107.3 percent of its 2012 average, total industrial production was 3.5 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in May to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2017) average.

USA RIGS UP 10
2018, June, 18, 13:45:00

SOUTH AFRICA: NO BENEFITS

IMF - South Africa’s potential is significant, yet growth over the past five years has not benefitted from the global recovery. The economy is globally positioned, sophisticated, and diversified, and several sectors—agribusiness, mining, manufacturing, and services—have capacity for expansion. Combined with strong institutions and a young workforce, opportunities are vast. However, several constraints have held growth back. Policy uncertainty and a regulatory environment not conducive to private investment have resulted in GDP growth rates that have not kept up with those of population growth, reducing income per capita, and hurting disproportionately the poor.

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