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2016-10-03 18:30:00

U.S. RIGS UP 11

U.S. RIGS UP 11

BAKER HUGHES wrote, 

U.S. Rig Count is up 11 rigs from last week to 522, with oil rigs up 7 to 425, gas rigs up 4 to 96, and miscellaneous rigs unchanged at 1. 

U.S. Rig Count is down 287 rigs from last year's count of 809, with oil rigs down 189, gas rigs down 99, and miscellaneous rigs up 1. 

The U.S. Offshore Rig Count is 22, up 2 rigs from last week, and down 8 rigs year over year. 

Canadian Rig Count is up 24 rigs from last week to 162, with oil rigs up 7 to 84, and gas rigs up 17 to 78. 

Canadian Rig Count is down 17 rigs from last year's count of 179, with oil rigs up 14, and gas rigs down 31.

 

      Week   Year
Location Week +/- Ago +/- Ago
           
Land 497 9 488 -279 776
Inland Waters 3 0 3 0 3
Offshore 22 2 20 -8 30
United States Total 522 11 511 -287 809
           
Gulf Of Mexico 21 1 20 -8 29
Canada 162 24 138 -17 179
North America 684 35 649 -304 988
           
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 425 7 418 -189 614
Gas 96 4 92 -99 195
Miscellaneous 1 0 1 1 0
           
Directional 51 2 49 -32 83
Horizontal 407 5 402 -202 609
Vertical 64 4 60 -53 117
           
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 84 7 77 14 70
Gas 78 17 61 -31 109
           
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 7 1 6 -4 11
Arkansas 1 1 0 -3 4
California 6 0 6 -7 13
Colorado 20 1 19 -10 30
Kansas 0 0 0 -10 10
Louisiana 41 1 40 -25 66
New Mexico 30 3 27 -16 46
North Dakota 30 2 28 -35 65
Ohio 14 0 14 -6 20
Oklahoma 68 1 67 -29 97
Pennsylvania 23 1 22 -7 30
Texas 245 -1 246 -112 357
Utah 5 0 5 0 5
West Virginia 10 1 9 -8 18
Wyoming 13 0 13 -11 24
                       
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 0 -1 1 -2 2
Arkoma Woodford 4 1 3 -4 8
Barnett 1 0 1 -5 6
Cana Woodford 35 2 33 -2 37
DJ-Niobrara 17 1 16 -9 26
Eagle Ford 36 -1 37 -46 82
Fayetteville 1 1 0 -3 4
Granite Wash 10 1 9 -2 12
Haynesville 13 0 13 -13 26
Marcellus 32 2 30 -15 47
Mississippian 3 0 3 -11 14
Permian 204 3 201 -41 245
Utica 15 0 15 -6 21
Williston 30 2 28 -36 66

 

-----

Earlier:  

U.S. JOBS: 4.3 MLN 

U.S. RIGS UP 5

U.S. RIGS DOWN 2

U.S. OIL & GAS PRODUCTION DOWN 

U.S. RIGS UP 11 

U.S. OIL & GAS BENEFIT 

 

Tags: USA, CANADA, OIL, GAS, RIG, COUNT

Chronicle:

U.S. RIGS UP 11
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.

U.S. RIGS UP 11
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.

U.S. RIGS UP 11
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.

U.S. RIGS UP 11
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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