January 2018 U.S. Rig Count - Starts Off with Growth - S&P Global Platts
HOUSTON, Feb. 6, 2018 /PRNewswire/ -- S&P Global Platts Analytics, today announced the U.S. rig count for January 2018 was 1,070, up 40 (+4%) from December 2017, and up 297 (+38%) from January 2017. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.
- January U.S. land rig count: 1,027, up 38 (+4%) from the previous month and up 294 (+40%) from January 2017
- January U.S. inland waters and Gulf of Mexico rig count: 43, up 2 (+5%) from the previous month and up 3 (+8%) from January 2017
"While a significant amount of month-to-month improvement was due to drilling activity in the Permian (both in Texas and New Mexico), we are now starting to see some dispersion in permits that points towards future growth being led from other regions in the months ahead," said S&P Global Platts senior industry analyst Trey Cowan.
| S&P Global Platts U.S. Rig Counts |
||||||||
| Jan 2018 |
Dec 2018 |
Month over Month Change |
% Change |
Jan 2017 |
Variance Year over Year (YOY) |
YOY % Variance |
||
| Colorado |
34 |
38 |
-4 |
-11% |
30 |
4 |
13% |
|
| Louisiana |
52 |
51 |
1 |
2% |
33 |
19 |
58% |
|
| New Mexico |
83 |
74 |
9 |
12% |
40 |
43 |
108% |
|
| North Dakota |
50 |
48 |
2 |
4% |
36 |
14 |
39% |
|
| Oklahoma |
128 |
125 |
3 |
2% |
106 |
22 |
21% |
|
| Texas |
508 |
489 |
19 |
4% |
367 |
141 |
38% |
|
| Rest of U.S. Land |
172 |
164 |
8 |
5% |
121 |
51 |
42% |
|
| U.S. Land Subtotal |
1,027 |
989 |
38 |
4% |
733 |
294 |
40% |
|
| U.S. Inland Waters |
5 |
6 |
-1 |
-17% |
6 |
-1 |
-17% |
|
| U.S. Gulf of Mexico |
38 |
35 |
3 |
9% |
34 |
4 |
12% |
|
| U.S. Inland and Gulf of Mexico |
43 |
41 |
2 |
5% |
40 |
3 |
8% |
|
| Total U.S. Rig Count |
1,070 |
1,030 |
40 |
4% |
773 |
297 |
38% |
|
CONTACT
Kathleen Tanzy, + 1 917 331 4607, [email protected]
| About S&P Global Platts At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping.
S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com. |
SOURCE S&P Global Platts
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