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2016-02-28 20:35:00

U.S. RIGS DOWN 12

U.S. RIGS DOWN 12

U.S. Rig Count is down 12 rigs from last week to 502, with oil rigs down 13 to 400, and gas rigs up 1 to 102.

U.S. Rig Count is down 765 rigs from last year at 1,267, with oil rigs down 586, gas rigs down 178, and miscellaneous rigs down 1.

The U.S. Offshore rig count is 27, up 2 rigs from last week, and down 24 rigs year over year.

Canadian Rig Count is down 31 rigs from last week to 175, with oil rigs down 26 to 83, and gas rigs down 5 to 92.

Canadian Rig Count is down 155 rigs from last year at 330, with oil rigs down 88, and gas rigs down 67.

      Week   Year
Location Week +/- Ago +/- Ago
           
Land 473 -14 487 -735 1208
Inland Waters 2 0 2 -6 8
Offshore 27 2 25 -24 51
United States Total 502 -12 514 -765 1267
           
Gulf Of Mexico 27 2 25 -22 49
Canada 175 -31 206 -155 330
North America 677 -43 720 -920 1597
           
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 400 -13 413 -586 986
Gas 102 1 101 -178 280
Miscellaneous 0 0 0 -1 1
           
Directional 47 -1 48 -80 127
Horizontal 397 -19 416 -549 946
Vertical 58 8 50 -136 194
           
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 83 -26 109 -88 171
Gas 92 -5 97 -67 159
Miscellaneous 0 0 0 0 0
           
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 11 -2 13 -1 12
Arkansas 0 0 0 -11 11
California 6 -2 8 -9 15
Colorado 19 0 19 -25 44
Kansas 7 0 7 -10 17
Louisiana 47 2 45 -55 102
New Mexico 18 -3 21 -50 68
North Dakota 36 0 36 -72 108
Ohio 12 -1 13 -24 36
Oklahoma 73 0 73 -73 146
Pennsylvania 16 -1 17 -38 54
Texas 231 -5 236 -339 570
Utah 0 -1 1 -11 11
West Virginia 13 1 12 -3 16
Wyoming 9 -1 10 -24 33
                       
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 2 0 2 -4 6
Arkoma Woodford 4 -1 5 -1 5
Barnett 4 1 3 -5 9
Cana Woodford 36 3 33 -3 39
DJ-Niobrara 16 0 16 -23 39
Eagle Ford 47 -7 54 -110 157
Fayetteville 0 0 0 -9 9
Granite Wash 9 -1 10 -25 34
Haynesville 14 -1 15 -26 40
Marcellus 29 0 29 -39 68
Mississippian 8 0 8 -39 47
Permian 164 -1 165 -191 355
Utica 12 -1 13 -26 38
Williston 36 0 36 -75 111

 

bakerhughes.com

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More: 

TOUGH OIL TIMES 

U.S. OIL HELL 

U.S. OIL INVENTORIES UP 

U.S. RIGS DOWN 27 

U.S. INVESTMENT DOWN 35%

 

 

 

Tags: USA, CANADA, OIL, GAS, RIGS

Chronicle:

U.S. RIGS DOWN 12
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 12
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 12
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 12
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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