U.S. Land Rig Count Experiences First Monthly Drop in 2017

News provided by

S&P Global Platts

Oct 09, 2017, 13:15 ET

HOUSTON, Oct. 9, 2017 /PRNewswire/ -- Platts RigData, a forecasting and analytics unit of S&P Global Platts, today announced the U.S. rig count for September 2017 was 1,043, down 28 (3%) from August 2017, and up 460 (79%) from September 2016. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.

  • September U.S. land rig count: 1,002, down 25 (2%) from the previous month and up 457 (84%) from September 2016
  • September U.S. inland waters and Gulf of Mexico rig count: 41, down 3 (7%) from the previous month and up 3 (8%) from September 2016

"The slack in the rig count for U.S. land activity was heavily influenced by weather during September," said Trey Cowan, senior industry analyst, Platts RigData, an analytics unit of S&P Global Platts. "I would not be surprised if next month's count firms toward levels seen in August, prior to the storms, as producers play a little catchup."

Platts RigData U.S. Rig Counts















September
2017

August
2017

Month
over
Month
Change

%
Change

September
2016

Variance
Year
over
Year
(YOY)

YOY %
Variance

Colorado

43

44

-1

-2%

21

22

105%

Louisiana

47

48

-1

-2%

24

23

96%

New Mexico

72

64

8

13%

29

43

148%

North Dakota

53

53

0

0%

30

23

77%

Oklahoma

137

142

-5

-4%

74

63

85%

Texas

483

503

-20

-4%

261

222

85%

Rest of U.S. Land

167

173

-6

-3%

106

61

58%

U.S. Land Subtotal

1,002

1,027

-25

-2%

545

457

84%

U.S. Inland Waters

8

11

-3

-27%

7

1

14%

U.S. Gulf of Mexico
(GOM)

33

33

0

0%

31

2

6%

U.S. Inland and
GOM

41

44

-3

-7%

38

3

8%

Total U.S. Rig
Count

1,043

1,071

-28

-3%

583

460

79%

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

Related Links

http://www.platts.com

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