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2016-01-31 11:35:00

U.S. RIGS DOWN 18

U.S. RIGS DOWN 18

U.S. Rig Count is down 18 rigs from last week to 619, with oil rigs down 12 to 498, and gas rigs down 6 to 121.

U.S. Rig Count is down 924 rigs from last year at 1,543, with oil rigs down 725, gas rigs down 198, and miscellaneous rigs down 1.

The U.S. Offshore rig count is 28, down 1 from last week, and down 21 rigs year over year.

Canadian Rig Count is down 19 rigs from last week to 231, with oil rigs down 8 to 126, and gas rigs down 11 to 105.

Canadian Rig Count is down 163 rigs from last year at 394, with oil rigs down 74, and gas rigs down 89.

      Week   Year
Location Week +/- Ago +/- Ago
           
Land 590 -17 607 -892 1482
Inland Waters 1 0 1 -11 12
Offshore 28 -1 29 -21 49
United States Total 619 -18 637 -924 1543
           
Gulf Of Mexico 28 -1 29 -19 47
Canada 231 -19 250 -163 394
North America 850 -37 887 -1087 1937
           
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 498 -12 510 -725 1223
Gas 121 -6 127 -198 319
Miscellaneous 0 0 0 -1 1
           
Directional 58 -2 60 -82 140
Horizontal 487 -13 500 -681 1168
Vertical 74 -3 77 -161 235
           
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 126 -8 134 -74 200
Gas 105 -11 116 -89 194
Miscellaneous 0 0 0 0 0
           
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 13 2 11 3 10
Arkansas 0 0 0 -12 12
California 7 0 7 -9 16
Colorado 22 2 20 -41 63
Kansas 9 -1 10 -13 22
Louisiana 51 -3 54 -57 108
New Mexico 26 -4 30 -61 87
North Dakota 44 -1 45 -99 143
Ohio 14 0 14 -27 41
Oklahoma 88 1 87 -95 183
Pennsylvania 22 -1 23 -32 54
Texas 281 -13 294 -414 695
Utah 3 0 3 -11 14
West Virginia 12 0 12 -11 23
Wyoming 15 0 15 -27 42
                       
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 3 0 3 -3 6
Arkoma Woodford 7 0 7 0 7
Barnett 3 -1 4 -16 19
Cana Woodford 39 0 39 -1 40
DJ-Niobrara 21 2 19 -30 51
Eagle Ford 64 0 64 -114 178
Fayetteville 0 0 0 -9 9
Granite Wash 13 -1 14 -27 40
Haynesville 18 0 18 -25 43
Marcellus 34 -1 35 -41 75
Mississippian 11 1 10 -43 54
Permian 182 -17 199 -272 454
Utica 14 0 14 -29 43
Williston 44 -1 45 -104 148

 

bakerhughes.com

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More: 

U.S. GAS: EXPENSIVE 

U.S. CUTS OIL INVESTMENTS 

U.S. LOSERS: $14 BLN 

U.S. RIGS DOWN 13 

U.S. OIL & GAS WELL COMPLETION DOWN 51%

 

 

 

 

 

 

Tags: USA, CANADA, OIL, GAS, RIGS

Chronicle:

U.S. RIGS DOWN 18
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

U.S. RIGS DOWN 18
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

U.S. RIGS DOWN 18
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

U.S. RIGS DOWN 18
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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