trending Market Intelligence /marketintelligence/en/news-insights/trending/0sxK0ZPu5yMrpImLetARYg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

US rig count falls below 800 in week to Dec. 6

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry

Stress Testing Energy Companies in the Current Environment

Infographic Solar Power by the Numbers The US Canada and Mexico

US rig count falls below 800 in week to Dec. 6

The combined oil and natural gas rig count in the U.S. clocked in below the 800 level at 799 rigs during the week ended Dec. 6, according to the latest Rotary Rig Count released by Baker Hughes Co.

SNL Image

The count is also down 276 rigs, or 26%, from the same period a year ago.

SNL Image

Oil-directed rigs decreased by five to come in at 663 rigs for the week and are down 214 rigs from the corresponding week in 2018. On the other hand, gas-directed rigs totaled 133, up two rigs for the review week but down 65 rigs from the year prior.

The oil-focused Permian Basin saw a five-rig decrease to 400 rigs while the Cana Woodford and Haynesville basins noted two-rig declines to total 25 rigs and 51 rigs, respectively. The Granite Wash, Marcellus and Williston basins each noted a one-rig increase for the week to one, 37 and 52 rigs respectively.

Up north, Canada added 12 rigs for the week ended Dec. 6, bringing the count to 138, but is down 48 rigs, or 26%, from levels seen during the same period in 2018.