trending Market Intelligence /marketintelligence/en/news-insights/trending/Us1OarLq5kMJaq0nxwKcow2 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

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

US rig count slips to 851 on receding gas activity

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

US rig count slips to 851 on receding gas activity

After nudging higher the week prior, the combined oil and natural gas rig count in the U.S. slipped by five to 851 for the week ended Oct. 18, according to the latest Rotary Rig Count released by Baker Hughes Co., formerly known as Baker Hughes a GE Company.

SNL Image

The count was also down by 216 rigs from the same week in 2018.

Oil-directed rigs were up by one to 713 rigs during the review week but are down 160 rigs from a year ago. Gas-directed rigs tumbled by six to 137 rigs during the week and are 57 rigs lower than values seen in the same week in 2018.

SNL Image

The fall in gas-directed rigs can be traced to declines in two major shale plays. Rigs in the Cana Woodford basin were pegged at 30 while the Marcellus basin noted 44 rigs, both down by three rigs for the week and also lower than levels reported during the same week a year ago.

Canadian rigs came in at 143, down by three for the week and 48 rigs lower than levels seen during the corresponding week in 2018.