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Total U.S. Rig Count Rose in November to 1,053: S&P Global Platts Analytics


S&P Global Platts Analytics, today announced the U.S. rig count for November 2017 was 1,053, up 20 (+2%) from October 2017, and up 373 (+55%) from November 2016. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.
  • November U.S. land rig count: 1,016, up 22 (+2%) from the previous month and up 374 (+58%) from November 2016
  • November U.S. inland waters and Gulf of Mexico rig count: 37, down 2 (-5%) from the previous month and down 1 (-3%) from November 2016
“November's rig count, up 2% versus October's level, is unseasonably strong, given that the holidays typically create some slack in the rig count,” said S&P Global Platts Senior Industry Analyst Trey Cowan. “The fact that it was better than the prior month is a nod to the stronger oil and natural gas prices of late.”
 
 
S&P Global Platts U.S. Rig Counts
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
November 2017
October 2017
Month over Month Change
% Change
 
November 2016
Variance year over year (YOY)
YOY % Variance
Colorado
42
40
2
5%
 
22
20
91%
Louisiana
52
48
4
8%
 
31
21
68%
New Mexico
72
71
1
1%
 
32
40
125%
North Dakota
50
52
-2
-4%
 
36
14
39%
Oklahoma
125
127
-2
-2%
 
88
37
42%
Texas
491
480
11
2%
 
304
187
62%
Rest of U.S. Land
184
176
8
5%
 
129
55
43%
U.S. Land Subtotal
1016
994
22
2%
 
642
374
58%
U.S. Inland Waters
6
8
-2
-25%
 
7
-1
-14%
U.S. Gulf of Mexico (GOM)
31
31
0
0%
 
31
0
0%
U.S. Inland and GOM
37
39
-2
-5%
 
38
-1
-3%
Total U.S. Rig Count
1,053
1,033
20
2%
 
680
373
55%
 



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