Total U.S. Rig Count Rose in November to 1,053
HOUSTON, Dec. 8, 2017 /PRNewswire/ -- S&P Global Platts Analytics, today announced the U.S. rig count for November 2017 was 1,053, up 20 (+2%) from October 2017, and up 373 (+55%) from November 2016. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.
- November U.S. land rig count: 1,016, up 22 (+2%) from the previous month and up 374 (+58%) from November 2016
- November U.S. inland waters and Gulf of Mexico rig count: 37, down 2 (-5%) from the previous month and down 1 (-3%) from November 2016
"November's rig count, up 2% versus October's level, is unseasonably strong, given that the holidays typically create some slack in the rig count," said S&P Global Platts Senior Industry Analyst Trey Cowan. "The fact that it was better than the prior month is a nod to the stronger oil and natural gas prices of late."
| S&P Global Platts U.S. Rig Counts |
||||||||
| November |
October |
Month |
% |
November |
Variance |
YOY % |
||
| Colorado |
42 |
40 |
2 |
5% |
22 |
20 |
91% |
|
| Louisiana |
52 |
48 |
4 |
8% |
31 |
21 |
68% |
|
| New Mexico |
72 |
71 |
1 |
1% |
32 |
40 |
125% |
|
| North Dakota |
50 |
52 |
-2 |
-4% |
36 |
14 |
39% |
|
| Oklahoma |
125 |
127 |
-2 |
-2% |
88 |
37 |
42% |
|
| Texas |
491 |
480 |
11 |
2% |
304 |
187 |
62% |
|
| Rest of U.S. Land |
184 |
176 |
8 |
5% |
129 |
55 |
43% |
|
| U.S. Land Subtotal |
1016 |
994 |
22 |
2% |
642 |
374 |
58% |
|
| U.S. Inland Waters |
6 |
8 |
-2 |
-25% |
7 |
-1 |
-14% |
|
| U.S. Gulf of Mexico (GOM) |
31 |
31 |
0 |
0% |
31 |
0 |
0% |
|
| U.S. Inland and GOM |
37 |
39 |
-2 |
-5% |
38 |
-1 |
-3% |
|
| Total U.S. Rig Count |
1,053 |
1,033 |
20 |
2% |
680 |
373 |
55% |
|
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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