Dec 8, 2017   SOURCE: PR NewsWire

Total U.S. Rig Count Rose in November to 1,053

HOUSTON, Dec. 8, 2017 /PRNewswire/ -- 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       October        Month       %          November        Variance               YOY %
                                                2017          2017    over     Change               2016        year      Variance
                                                                    Month                                    over
                                                                   Change                                    year
                                                                                                            (YOY)
                                                                                                             ----

    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%
    ====================                       =====         =====         ===         ===             ===            ===                 ===

CONTACT
Kathleen Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com

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SOURCE S&P Global Platts