For the week ending May 04, 2012 the total U.S. rotary rig count was 1,965 up 20 rigs from the previous week. Compared to last year, there were an additional 135 rigs drilling for oil & gas, a net increase of 7.4 % year over year.
Rig Counts by Location
- The U.S. land rig count was up 1.11% this week, up 21 rigs from
last week to 1,921 total rigs running representing an annualized change of 6.78%.
- The U.S. offshore rig count was down -2.22% this week, down 1 rigs
from last week to 44 total rigs running representing an annualized change of 41.94%.
| | Rotary Rig Counts | | Change | | Change % |
|---|
| 2012-05-04 | Week Ago | Year Ago | | Weekly | Annual | | Weekly | Annual |
|---|
| Land Rigs | 1,921 | 1,900 | 1,799 | | 21 | 122 | | 1.11% | 6.78% |
| Offshore Rigs | 44 | 45 | 31 | | -1 | 13 | | -2.22% | 41.94% |
| Total | 1,965 | 1,945 | 1,830 | | 20 | 135 | | 1.03% | 7.38% |
Rig Counts by Type
- The U.S. rig count drilling for oil was up 2.03% this week, up 27 rigs from
last week to 1,355 total rigs running representing an annualized change of 42.03%.
- The U.S. rig count drilling for gas was down -1.14% this week, down 7 rigs
from last week to 606 total rigs running representing an annualized change of -30.02%.
| | Rotary Rig Counts | | Change | | Change % |
|---|
| 2012-05-04 | Week Ago | Year Ago | | Weekly | Annual | | Weekly | Annual |
|---|
| Oil | 1,355 | 1,328 | 954 | | 27 | 401 | | 2.03% | 42.03% |
| Gas | 606 | 613 | 866 | | -7 | -260 | | -1.14% | -30.02% |
| Misc | 4 | 4 | 10 | | 0 | -6 | | 0.00% | -60.00% |
| Total | 1,965 | 1,945 | 1,830 | | 20 | 135 | | 1.03% | 7.38% |
Rig Counts by Trajectory
- The U.S. rig count drilling low-angle directional holes was down -3.70% this week, down 9 rigs
from last week to 234 total rigs running representing an annualized change of 3.54%.
- The U.S. rig count drilling horizontal holes was up 1.67% this week, up 19 rigs from
last week to 1,158 total rigs running representing an annualized change of 11.24%.
- The U.S. rig count drilling vertical holes was up 1.78% this week, up 10 rigs from
last week to 573 total rigs running representing an annualized change of 1.78%.
| | Rotary Rig Counts | | Change | | Change % |
|---|
| 2012-05-04 | Week Ago | Year Ago | | Weekly | Annual | | Weekly | Annual |
|---|
| Directional | 234 | 243 | 226 | | -9 | 8 | | -3.70% | 3.54% |
| Horizontal | 1,158 | 1,139 | 1,041 | | 19 | 117 | | 1.67% | 11.24% |
| Vertical | 573 | 563 | 563 | | 10 | 10 | | 1.78% | 1.78% |
| Total | 1,965 | 1,945 | 1,830 | | 20 | 135 | | 1.03% | 7.38% |
Gulf of Mexico Historical Rig Counts
- The chart to the left, 1990 to present, shows the total number of offshore rigs (Texas & Louisiana)
drilling in the Gulf of Mexico at any given time. With little effort, one can easily see the effect of theBP Deepwater Horizon disaster and the Obama Offshore Drilling Moratorium.
U.S. Rig Count Distribution by State
- The U.S rotary rig counts are updated weekly at 12:00 Central Time.
- Rotary Rig Count data is provided by and copyright:Baker Hughes, Inc.
