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2016-09-19 18:50:00

U.S. RIGS DOWN 2

U.S. RIGS DOWN 2

BAKER HUGHES wrote, 

U.S. Rig Count is down 2 rigs from last week to 506, with oil rigs up 2 to 416, gas rigs down 3 to 89, and miscellaneous rigs down 1 to 1. 

U.S. Rig Count is down 336 rigs from last year's count of 842, with oil rigs down 228, gas rigs down 109, and miscellaneous rigs up 1. 

The U.S. Offshore Rig Count is 20, up 2 rigs from last week, and down 11 rigs year over year.

Canadian Rig Count is down 2 rigs from last week to 132, with oil rigs up 1 to 75, gas rigs down 3 to 56, and miscellaneous rigs unchanged at 1.

Canadian Rig Count is down 50 rigs from last year's count of 182, with oil rigs up 5, gas rigs down 56, and miscellaneous rigs up 1.

 

      Week   Year
Location Week +/- Ago +/- Ago
           
Land 482 -3 485 -324 806
Inland Waters 4 -1 5 -1 5
Offshore 20 2 18 -11 31
United States Total 506 -2 508 -336 842
           
Gulf Of Mexico 20 2 18 -9 29
Canada 132 -2 134 -50 182
North America 638 -4 642 -386 1024
           
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 416 2 414 -228 644
Gas 89 -3 92 -109 198
Miscellaneous 1 -1 2 1 0
           
Directional 48 0 48 -35 83
Horizontal 394 -2 396 -246 640
Vertical 64 0 64 -55 119
           
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 75 1 74 5 70
Gas 56 -3 59 -56 112
Miscellaneous 1 0 1 1 0
           
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 5 1 4 -8 13
Arkansas 0 0 0 -4 4
California 5 0 5 -9 14
Colorado 19 0 19 -14 33
Kansas 0 0 0 -9 9
Louisiana 41 -2 43 -29 70
New Mexico 28 0 28 -21 49
North Dakota 27 -1 28 -40 67
Ohio 14 0 14 -5 19
Oklahoma 65 3 62 -41 106
Pennsylvania 21 0 21 -12 33
Texas 244 -1 245 -121 365
Utah 5 0 5 0 5
West Virginia 10 0 10 -7 17
Wyoming 13 0 13 -11 24
                       
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 1 0 1 -4 5
Arkoma Woodford 3 1 2 -5 8
Barnett 1 -2 3 -6 7
Cana Woodford 32 1 31 -8 40
DJ-Niobrara 16 1 15 -13 29
Eagle Ford 38 0 38 -50 88
Fayetteville 0 0 0 -4 4
Granite Wash 9 0 9 -4 13
Haynesville 13 -1 14 -16 29
Marcellus 29 0 29 -20 49
Mississippian 2 0 2 -12 14
Permian 202 2 200 -51 253
Utica 15 0 15 -5 20
Williston 27 -1 28 -41 68

-----

Earlier:  

U.S. OIL & GAS PRODUCTION DOWN 

U.S. RIGS UP 11 

U.S. OIL & GAS BENEFIT 

SHAKY MARKET BALANCE 

U.S. DEFICIT UP TO $44.5 BLN

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

Chronicle:

U.S. RIGS DOWN 2
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 2
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 2
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 2
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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