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January 2018 U.S. Rig Count - Starts Off with Growth – S&P Global Platts


HOUSTON - February 06, 2018


S&P Global Platts Analytics, today announced the U.S. rig count for January 2018 was 1,070, up 40 (+4%) from December 2017, and up 297 (+38%) from January 2017. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.


  • January U.S. land rig count: 1,027, up 38 (+4%) from the previous month and up 294 (+40%) from January 2017
  • January U.S. inland waters and Gulf of Mexico rig count: 43, up 2 (+5%) from the previous month and up 3 (+8%) from January 2017


"While a significant amount of month-to-month improvement was due to drilling activity in the Permian (both in Texas and New Mexico), we are now starting to see some dispersion in permits that points towards future growth being led from other regions in the months ahead," said S&P Global Platts senior industry analyst Trey Cowan.


S&P Global Platts U.S. Rig Counts


Jan 2018 Dec 2018 Month over Month Change % Change Jan 2017 Variance Year over Year (YOY) YOY % Variance
Colorado
34
38
-4
-11%
30
4
13%
Louisiana
52
51
1
2%
33
19
58%
New Mexico
83
74
9
12%
40
43
108%
North Dakota
50
48
2
4%
36
14
39%
Oklahoma
128
125
3
2%
106
22
21%
Texas
508
489
19
4%
367
141
38%
Rest of U.S. Land
172
164
8
5%
121
51
42%
U.S. Land Subtotal
1,027
989
38
4%
733
294
40%
U.S. Inland Waters
5
6
-1
-17%
6
-1
-17%
U.S. Gulf of Mexico
38
35
3
9%
34
4
12%
U.S. Inland and Gulf of Mexico
43
41
2
5%
40
3
8%
Total U.S. Rig Count
1,070
1,030
40
4%
773
297
38%

CONTACT
Kathleen Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com; Gregory Tsichlis, + 817 616 2081, greg.tsichlis@spglobal.com
EMEA: Arnaud Humblot +44 207 176 6685, arnaud.humblot@spglobal.com and Alex Brog +44 207 176 7645, alex.brog@spglobal.com
Singapore: Platts (platts@ryancommunication.com)



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