trending Market Intelligence /marketintelligence/en/news-insights/trending/SN6-1OSaz34F0JW7TSEDAQ2 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 oil, gas rig count rises 14 on week but drops 25% on year

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 oil, gas rig count rises 14 on week but drops 25% on year

After holding firm the week before, the U.S. oil and natural gas rig count was up by 14 to a total of 813 rigs during the week ended Dec. 20, according to the latest Rotary Rig Count released by Baker Hughes Co.

However, the count is down by 265 rigs, or 25%, from the same week in 2018.

SNL Image

Gas-directed rigs fell by four to 125 and are 72 rigs lower than in the corresponding week in 2018. Oil-directed rigs increased by 18 to 685 for the week but are down 198 from the same week a year earlier.

SNL Image

The Permian Basin saw a 14-rig increase to 414 rigs, while the Eagle Ford Shale saw a seven-rig advance to 67 during the week under review. Cana Woodford reported that rigs declined by two to a total of 23 during the period.

Canadian rigs declined by four to 149 rigs on the week but are up by 18 rigs from the same week a year earlier.

SNL Image