S&P GLOBAL, INC. HOUSTON, Aug. 3, 2017 /PRNewswire/ -- Platts RigData, a forecasting and analytics unit of S&P Global Platts, today announced the U.S. rig count for July 2017 was 1,068, up 13 (1%) from June 2017, and up 548 (105%) from July 2016. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.
Year to date the rig count has climbed a strong 51%, but the pace of growth has slowed from an average monthly sequential improvement of 8% in Q1 to 5% in Q2 to just 1% in the beginning of Q3.
-- July U.S. land rig count: 1,024, up 15 (1%) from the previous month and
up 550 (116%) from July 2016.
-- July U.S. inland waters and Gulf of Mexico rig count: 44, down 2 (-4%)
from the previous month and down 2 (-4%) from July 2016.
Platts RigData U.S. Rig Counts
July 2017 June 2017 Month over Month
Change % Change July 2016 Year over Year (YOY) YOY % Variance
Variance
--------
Colorado 44 41 3 7% 19 25 132%
Louisiana 49 50 -1 -2% 25 24 96%
New Mexico 59 60 -1 -2% 27 32 119%
North Dakota 54 53 1 2% 29 25 86%
Oklahoma 143 141 2 1% 61 82 134%
Texas 500 500 0 0% 231 269 116%
Rest of U.S. Land 175 164 11 7% 82 93 113%
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U.S. Land Subtotal 1024 1009 15 1% 474 550 116%
------------------ ---- ---- --- --- --- --- ---
U.S. Inland Waters 11 11 0 0% 10 1 10%
U.S. Gulf of Mexico 33 35 -2 -6% 36 -3 -8%
U.S. Inland and Gulf of Mexico 44 46 -2 -4% 46 -2 -4%
Total U.S. Rig Count 1,068 1,055 13 1% 520 548 105%
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CONTACT
Kathleen Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com
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SOURCE S&P Global Platts
