Opinion

Upward Trend Continues for U.S. Drilling Activity – S&P Global Platts


HOUSTON – 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 2018

Feb 2018

Month over Month Change

% Change

 

Mar 2017

Variance Year over Year (YOY)

YOY % Variance

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%



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https://platts.com/media-center/press-releases

S&P Global PlattsUnited StatesUSDrillingRig CountRigsOffshoreGOMGulf Of Mexico

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