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2018-03-11 11:00:00

U.S. RIGS UP 3 TO 984

U.S. RIGS UP 3 TO 984

BAKER HUGHES A GE -  U.S. Rig Count is up 3 rigs from last week to 984, with oil rigs down 4 to 796, gas rigs up 7 to 188.

U.S. Rig Count is up 216 rigs from last year's count of 768, with oil rigs up 179, gas rigs up 37. 

The U.S. Offshore Rig Count is down 1 rig to 13 and down 7 rigs from last year's count of 20. 

Canada Rig Count is down 29 rigs from last week to 273, with oil rigs down 15 to 196 and gas rigs down 14 to 77. 

Canada Rig Count is down 42 rigs from last year's count of 315, with oil rigs up 16 and gas rigs down 58.

 

    Rotary Rig Count      
  3/9/18        
                   
      Week   Year
Location Week +/- Ago +/- Ago
           
Land 967 4 963 224 743
Inland Waters 4 0 4 -1 5
Offshore 13 -1 14 -7 20
United States Total 984 3 981 216 768
           
Gulf Of Mexico 13 -1 14 -7 20
           
Canada 273 -29 302 -42 315
           
North America 1257 -26 1283 174 1083
           
U.S. Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 796 -4 800 179 617
Gas 188 7 181 37 151
           
Directional 75 0 75 14 61
Horizontal 848 1 847 209 639
Vertical 61 2 59 -7 68
           
Canada Breakout Information This Week +/- Last Week +/- Year Ago
           
Oil 196 -15 211 16 180
Gas 77 -14 91 -58 135
           
Major State Variances This Week +/- Last Week +/- Year Ago
           
Alaska 9 -2 11 6 3
Arkansas 0 0 0 -1 1
California 14 0 14 7 7
Colorado 31 1 30 3 28
Louisiana 58 -1 59 2 56
New Mexico 87 -1 88 41 46
North Dakota 50 3 47 13 37
Ohio 22 0 22 1 21
Oklahoma 120 -4 124 19 101
Pennsylvania 42 1 41 10 32
Texas 490 7 483 98 392
Utah 9 -1 10 2 7
West Virginia 16 0 16 6 10
Wyoming 31 0 31 12 19
                   
Major Basin Variances This Week +/- Last Week +/- Year Ago
           
Ardmore Woodford 1 0 1 -1 2
Arkoma Woodford 8 1 7 2 6
Barnett 2 0 2 -2 4
Cana Woodford 62 -6 68 13 49
DJ-Niobrara 24 -1 25 0 24
Eagle Ford 70 0 70 2 68
Fayetteville 0 0 0 -1 1
Granite Wash 12 0 12 1 11
Haynesville 51 0 51 15 36
Marcellus 57 1 56 16 41
Mississippian 4 0 4 1 3
Permian 436 2 434 127 309
Utica 23 0 23 1 22
Williston 51 3 48 13 38

-----

Earlier:  

News
2018, March, 9, 13:00:00

WORLDWIDE RIG COUNT UP 86 TO 2,175

BAKER HUGHES A GE - The worldwide rig count for January 2018 was 2,175, up 86 from the 2,089 counted in December 2017, and up 257 from the 1,918 counted in January 2017.

 

News
2018, March, 4, 10:30:00

U.S. RIGS UP 3 TO 981

BAKER HUGHES A GE - U.S. Rig Count is up 3 rigs from last week to 981, with oil rigs up 1 to 800, gas rigs up 2 to 181, and miscellaneous rigs unchanged. Canada Rig Count is down 4 rigs from last week to 302, with oil rigs up 2 to 211 and gas rigs down 6 to 91.

 

N.America
2018, February, 27, 13:55:00

U.S. OIL PRIODUCTION UP TO 10.2 MBD

API - U.S. crude production rose to 10.2 million barrels per day (MBD) in January – the highest monthly output on record, according to API’s monthly statistical report. This was an increase of 1.1 percent versus December and 15.1 percent from January 2017.

 

N.America
2018, February, 27, 13:00:00

U.S. RIGS UP 3 TO 978

BAKER HUGHES A GE - U.S. Rig Count is up 3 rigs from last week at 978, with oil rigs up 1 to 799, gas rigs up 2 at 179, and miscellaneous rigs unchanged. Canada Rig Count is down 12 rigs from last week to 306, with oil rigs down 9 to 209 and gas rigs down 3 to 97.

 

N.America
2018, February, 14, 09:30:00

U.S. OIL +110 TBD, GAS + 832 MCFD

EIA - Crude oil production from the major US onshore regions is forecast to increase 110,000 b/d month-over-month in March to 6,756 million b/d, gas production to increase 832 million cubic feet/day to 64,941 million cubic feet/day .

 

N.America
2018, February, 12, 07:25:00

U.S. SALES 100 MB

PLATTS - Congress early Friday approved a two-year budget agreement which mandates the sale of 100 million barrels of crude oil from the Strategic Petroleum Reserve within a decade and authorizes sales of another $350 million of government-owned crude this fiscal year.

 

N.America
2018, February, 12, 07:00:00

U.S. RIGS UP +29 TO 975

BAKER HUGHES A GE - U.S. Rig Count is up 29 rigs from last week to 975, with oil rigs up 26 to 791, gas rigs up 3 to 184, and miscellaneous rigs unchanged. Canada Rig Count is down 17 rigs from last week to 325, with oil rigs down 13 to 221 and gas rigs down 4 to 104.

 

 

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

Chronicle:

U.S. RIGS UP 3 TO 984
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 3 TO 984
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 3 TO 984
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 3 TO 984
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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