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


HOUSTON - April 09, 2018


S&P Global Platts Analyticstoday 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 watersand 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%



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



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