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Subjects: ECO, DSC

Platts RigData: U.S. Rig Count Grows 77% Year Over Year in March


HOUSTON, April 4, 2017 /PRNewswire/ -- Platts RigData, a forecasting and analysis unit of S&P Global Platts, today announced the U.S. rig count for March 2017 was 901, up 67 (8%) from February 2017, and up 391 (77%) from March 2016. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.

 

Platts RigData U.S. Rig Counts




March
2017 Rig
Counts

Previous
Month
Variance

Variance
Year over
Year

February
2017 Rig
Counts

March
2016 Rig
Counts

Colorado

31

0

13

31

18

Louisiana

40

1

17

39

23

New Mexico

48

2

32

46

16

North Dakota

43

7

10

36

33

Oklahoma

124

10

54

114

70

Texas

435

37

221

398

214

Rest of U.S. Land

417

24

178

393

239

U.S. Land Subtotal

852

61

399

791

453

U.S. Inland Waters

15

6

6

9

9

U.S. Gulf of Mexico (GOM)

34

0

-14

34

48

U.S. Inland and GOM

49

6

-8

43

57

Total U.S. Rig Count

901

67

391

834

510

8.0%

76.7%


 

S&P Global Platts (Platts) is the leading independent provider of information and benchmark prices for the commodities and energy markets. Platts acquired RigData, a provider of daily information on rig activity for the natural gas and oil markets across North America, on June 1, 2016.

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.

CONTACT
Kathleen Tanzy, + 1 917 331 4607, [email protected] 

SOURCE S&P Global Platts


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