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2016-08-29 18:30:00

U.S. RIGS DOWN 2

U.S. RIGS DOWN 2

According to BAKER HUGHESU.S. Rig Count is down 2 rigs from last week to 489, with oil rigs unchanged at 406, gas rigs down 2 to 81, and miscellaneous rigs unchanged at 2.

U.S. Rig Count is down 388 rigs from last year's count of 877, with oil rigs down 269, gas rigs down 121, and miscellaneous rigs up 2.

The U.S. Offshore Rig Count is 17, down 1 rig from last week, and down 13 rigs year over year.

Canadian Rig Count is up 25 rigs from last week to 146, with oil rigs up 19 to 84, and gas rigs up 6 to 62.

Canadian Rig Count is down 50 rigs from last year's count of 196, with oil rigs down 4, and gas rigs down 46.

 

      Week   Year
Location Week +/- Ago +/- Ago
           
Land 468 -2 470 -375 843
Inland Waters 4 1 3 0 4
Offshore 17 -1 18 -13 30
United States Total 489 -2 491 -388 877
           
Gulf Of Mexico 17 -1 18 -12 29
Canada 146 25 121 -50 196
North America 635 23 612 -438 1073
           
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 406 0 406 -269 675
Gas 81 -2 83 -121 202
Miscellaneous 2 0 2 2 0
           
Directional 48 3 45 -32 80
Horizontal 379 -3 382 -293 672
Vertical 62 -2 64 -63 125
           
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 84 19 65 -4 88
Gas 62 6 56 -46 108
           
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 4 0 4 -9 13
Arkansas 0 0 0 -4 4
California 5 0 5 -8 13
Colorado 20 -1 21 -16 36
Kansas 0 0 0 -13 13
Louisiana 42 -1 43 -29 71
New Mexico 30 0 30 -20 50
North Dakota 27 0 27 -45 72
Ohio 13 -1 14 -6 19
Oklahoma 62 0 62 -43 105
Pennsylvania 19 2 17 -16 35
Texas 237 -1 238 -149 386
Utah 3 0 3 -1 4
West Virginia 7 -1 8 -10 17
Wyoming 9 1 8 -16 25
                       
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 1 0 1 -4 5
Arkoma Woodford 2 0 2 -4 6
Barnett 4 -1 5 -3 7
Cana Woodford 32 0 32 -8 40
DJ-Niobrara 16 -2 18 -14 30
Eagle Ford 35 -1 36 -62 97
Fayetteville 0 0 0 -4 4
Granite Wash 9 0 9 -8 17
Haynesville 14 0 14 -17 31
Marcellus 25 1 24 -26 51
Mississippian 3 0 3 -17 20
Permian 199 3 196 -56 255
Utica 13 -1 14 -7 20
Williston 27 0 27 -46 73

-----

Earlier: 

U.S. OIL & GAS BENEFIT 

U.S. RIGS UP 10 

SHAKY MARKET BALANCE 

U.S. OIL PRODUCTION DOWN 85 TBD 

U.S. JOBS DOWN 142,000

 

 

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

Chronicle:

U.S. RIGS DOWN 2
November, 15, 15:25:00

OIL PRICE: ABOVE $61 AGAIN

REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.

U.S. RIGS DOWN 2
November, 15, 15:20:00

IEA COOLS THE MARKET

BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.

U.S. RIGS DOWN 2
November, 15, 15:15:00

IEA: GLOBAL ENERGY DEMAND UP BY 30%

Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.

U.S. RIGS DOWN 2
November, 15, 15:10:00

RUSSIA'S OIL EXPORTS UP

Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.

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