Subject: SVY
Upward Trend Continues for U.S. Drilling Activity - S&P Global Platts
HOUSTON, April 9, 2018 /PRNewswire/ -- S&P Global Platts Analytics today announced the U.S. rig count for March 2018 was 1,095, up 18 (+2%) from February 2018, and up 194 (+22%) from March 2017. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.
- March U.S. land rig count: 1,053, up 17 (+2%) from the previous month and up 201 (+24%) from March 2017
- March U.S. inland waters and Gulf of Mexico rig count: 42, up 1 (+2%) from the previous month and down 7 (-14%) from March 2017
"We're seeing solid sequential gains in the month-to-month rig count," said S&P Global Platts Senior Industry Analyst Trey Cowan. "The bulk of the land-rig improvement was from increased drilling in Texas. A further breakout of the growth factors shows that the Permian Basin accounted for half the growth, with the remainder comprised of additional East Texas and South Texas drilling."
|
S&P Global Platts U.S. Rig Counts |
||||||||
|
Mar |
Feb |
Month |
% |
Mar |
Variance |
YOY % | ||
|
Colorado |
30 |
32 |
-2 |
-6% |
31 |
-1 |
-3% | |
|
Louisiana |
44 |
47 |
-3 |
-6% |
40 |
4 |
10% | |
|
New Mexico |
86 |
90 |
-4 |
-4% |
48 |
38 |
79% | |
|
North Dakota |
54 |
51 |
3 |
6% |
43 |
11 |
26% | |
|
Oklahoma |
138 |
133 |
5 |
4% |
124 |
14 |
11% | |
|
Texas |
531 |
511 |
20 |
4% |
435 |
96 |
22% | |
|
Rest of U.S. Land |
170 |
172 |
-2 |
-1% |
131 |
39 |
30% | |
|
U.S. Land Subtotal |
1,053 |
1,036 |
17 |
2% |
852 |
201 |
24% | |
|
U.S. Inland Waters |
8 |
6 |
2 |
33% |
15 |
-7 |
-47% | |
|
U.S. Gulf of Mexico |
34 |
35 |
-1 |
-3% |
34 |
0 |
0% | |
|
U.S. Inland and Gulf of Mexico |
42 |
41 |
1 |
2% |
49 |
-7 |
-14% | |
|
Total U.S. Rig Count |
1,095 |
1,077 |
18 |
2% |
901 |
194 |
22% | |
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.
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SOURCE S&P Global Platts
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