Platts RigData: Q3 Starts Measured Growth for U.S. Land Rig Count
HOUSTON, Aug. 3, 2017 /PRNewswire/ -- Platts RigData, a forecasting and analytics unit of S&P Global Platts, today announced the U.S. rig count for July 2017 was 1,068, up 13 (1%) from June 2017, and up 548 (105%) from July 2016. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.
Year to date the rig count has climbed a strong 51%, but the pace of growth has slowed from an average monthly sequential improvement of 8% in Q1 to 5% in Q2 to just 1% in the beginning of Q3.
- July U.S. land rig count: 1,024, up 15 (1%) from the previous month and up 550 (116%) from July 2016.
- July U.S. inland waters and Gulf of Mexico rig count: 44, down 2 (-4%) from the previous month and down 2 (-4%) from July 2016.
| Platts RigData U.S. Rig Counts |
|||||||||
| July 2017 |
June 2017 |
Month over Month Change |
% Change |
July 2016 |
Year over Year (YOY) Variance |
YOY % Variance |
|||
| Colorado |
44 |
41 |
3 |
7% |
19 |
25 |
132% |
||
| Louisiana |
49 |
50 |
-1 |
-2% |
25 |
24 |
96% |
||
| New Mexico |
59 |
60 |
-1 |
-2% |
27 |
32 |
119% |
||
| North Dakota |
54 |
53 |
1 |
2% |
29 |
25 |
86% |
||
| Oklahoma |
143 |
141 |
2 |
1% |
61 |
82 |
134% |
||
| Texas |
500 |
500 |
0 |
0% |
231 |
269 |
116% |
||
| Rest of U.S. Land |
175 |
164 |
11 |
7% |
82 |
93 |
113% |
||
| U.S. Land Subtotal |
1024 |
1009 |
15 |
1% |
474 |
550 |
116% |
||
| U.S. Inland Waters |
11 |
11 |
0 |
0% |
10 |
1 |
10% |
||
| U.S. Gulf of Mexico |
33 |
35 |
-2 |
-6% |
36 |
-3 |
-8% |
||
| U.S. Inland and Gulf of Mexico |
44 |
46 |
-2 |
-4% |
46 |
-2 |
-4% |
||
| Total U.S. Rig Count |
1,068 |
1,055 |
13 |
1% |
520 |
548 |
105% |
||
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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