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January 2018 U.S. Rig Count – Starts Off with Growth – S&P Global Platts

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HOUSTON, Feb. 6, 2018 /PRNewswire/ — S&P Global Platts Analytics, today announced the U.S. rig count for January 2018 was 1,070, up 40 (+4%) from December 2017, and up 297 (+38%) from January 2017. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.

January U.S. land rig count: 1,027, up 38 (+4%) from the previous month and up 294 (+40%) from January 2017 January U.S. inland waters and Gulf of Mexico rig count: 43, up 2 (+5%) from the previous month and up 3 (+8%) from January 2017

“While a significant amount of month-to-month improvement was due to drilling activity in the Permian (both in Texas and New Mexico), we are now starting to see some dispersion in permits that points towards future growth being led from other regions in the months ahead,” said S&P Global Platts senior industry analyst Trey Cowan.

S&P Global Platts U.S. Rig Counts

Jan 2018

Dec 2018

Month over Month Change

% Change

Jan 2017

Variance Year over Year (YOY)

YOY % Variance

Colorado

34

38

-4

-11%

30

4

13%

Louisiana

52

51

1

2%

33

19

58%

New Mexico

83

74

9

12%

40

43

108%

North Dakota

50

48

2

4%

36

14

39%

Oklahoma

128

125

3

2%

106

22

21%

Texas

508

489

19

4%

367

141

38%

Rest of U.S. Land

172

164

8

5%

121

51

42%

U.S. Land Subtotal

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