BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

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

  • Commodity Oil

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



About S&P Global Platts
At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We’re the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping.



S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com.


S&P Global Platts Media Contact update

Americas: Kathleen Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com
EMEA and Asia: Alex Brog, +44 20 7176 7645, alex.brog@spglobal.com and Arnaud Humblot, +44 20 7176 6685, arnaud.humblot@spglobal.com

About S&P Global Platts

At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit https://www.spglobal.com/platts/en



Register Now

Register here to receive S&P Global Platts press releases by Email

  • Commodity
  • Oil