For the week ending May 17, 2013 the total U.S. rotary rig count was 1,769 which, is unchanged from last week. Compared to last year, there were -214 fewer rigs drilling for oil & gas, a net decrease of -10.8% year over year.
Rig Counts by Location
- The U.S. land rig count was down -0.12% this week, down 2 rigs from last week to 1,717 total rigs running representing an annualized change of -11.27%.
- The U.S. offshore rig count was up 4.00% this week, up 2 rigs from last week to 52 total rigs running representing an annualized change of 8.33%.
| | Rotary Rig Counts | | Change | | Change % |
|---|
| 2013-05-17 | Week Ago | Year Ago | | Weekly | Annual | | Weekly | Annual |
|---|
| Land | 1,717 | 1,719 | 1,935 | | -2 | -218 | | -0.12% | -11.27% |
| Offshore | 52 | 50 | 48 | | 2 | 4 | | 4.00% | 8.33% |
| Total | 1,769 | 1,769 | 1,983 | | 0 | -214 | | 0.00% | -10.79% |
Rig Counts by Type
- The U.S. rig count drilling for oil was down -0.28% this week, down 4 rigs from last week to 1,408 total rigs running representing an annualized change of 1.81%.
- The U.S. rig count drilling for gas was up 1.14% this week, up 4 rigs from last week to 354 total rigs running representing an annualized change of -40.40%.
| | Rotary Rig Counts | | Change | | Change % |
|---|
| 2013-05-17 | Week Ago | Year Ago | | Weekly | Annual | | Weekly | Annual |
|---|
| Oil | 1,408 | 1,412 | 1,383 | | -4 | 25 | | -0.28% | 1.81% |
| Gas | 354 | 350 | 594 | | 4 | -240 | | 1.14% | -40.40% |
| Misc | 7 | 7 | 6 | | 0 | 1 | | 0.00% | 16.67% |
| Total | 1,769 | 1,769 | 1,983 | | 0 | -214 | | 0.00% | -10.79% |
Rig Counts by Trajectory
- The U.S. rig count drilling low-angle directional holes was up 6.57% this week, up 13 rigs from last week to 211 total rigs running representing an annualized change of -4.95%.
- The U.S. rig count drilling horizontal holes was down -0.27% this week, down 3 rigs from last week to 1,096 total rigs running representing an annualized change of -7.98%.
- The U.S. rig count drilling vertical holes was down -2.12% this week, down 10 rigs from last week to 462 total rigs running representing an annualized change of -18.95%.
| | Rotary Rig Counts | | Change | | Change % |
|---|
| 2013-05-17 | Week Ago | Year Ago | | Weekly | Annual | | Weekly | Annual |
|---|
| Directional | 211 | 198 | 222 | | 13 | -11 | | 6.57% | -4.95% |
| Horizontal | 1,096 | 1,099 | 1,191 | | -3 | -95 | | -0.27% | -7.98% |
| Vertical | 462 | 472 | 570 | | -10 | -108 | | -2.12% | -18.95% |
| Total | 1,769 | 1,769 | 1,983 | | 0 | -214 | | 0.00% | -10.79% |
U.S. Rig Count Distribution by State
U.S. Rig Count Graphs
- The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets. Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975.
- The oil and gas rig count, which is the number of rigs currently online, is widely regarded as an important indicator in assessing the health of the oil industry. It can give investors and companies an idea of current demand, as well as provide clues for the immediate future.
- U.S & Canadian rotary rig counts are updated weekly at 12:00 Central Time.
- International rotary rig counts are updated mid-month for the preceeding month.
- Rig Count data is provided by and copyright: Baker Hughes, Inc.
