source: Baker Hughes Crude Oil Rigs in the United States is expected to be 640.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Rigs in the United States to stand at 650.00 in 12 months time. Baker Hughes initiated the monthly international rig count in 1975. The North American rig count is released weekly at noon Central Time on the last day of the work week. Starting in February 2020, the international rig count will be released on the last working day of the first week of the month. The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products. *Effective October 8, 2019, we are sunsetting the Interactive U.S. Rig Count Maps site. You will no longer be able to access the site, but you can still access the same data through the files located above. The US Land Rig Demand Forecast is a detailed analysis of land rig demand that takes into consideration several variables, including: macro economic conditions, drilling technology, demand for oil and gas, and CAPEX reporting. Broken down by region, you'll have actionable details on when and where rig demand recovery is forecasted to occur.
24 Oct 2019 Spears and Associates' 2020 forecast indicates the US land rig count will likely fall by 10%, assuming that oil prices stay in the mid-$50s.
6 Aug 2019 An active rig count is an official listing of operational oil and gas rigs in a certain area. It provides insight into the quantity of active drilling rigs. 4 Nov 2013 These include the active rig count, drilling efficiency as well as the productivity of new wells, and production and depletion trends for previously 20 Jun 2019 This week, I'd like to discuss the current state of the oil and gas industry in Oklahoma in terms of rig counts and oil prices. A recent rig count 1 Oct 2019 Global Forecast Jackup Demand 2020 2021. Offshore staff. HOUSTON – The global offshore rig market is set to continue its tentative recovery
6 Feb 2020 Already there is an “increasing rig count” in the Permian, which “should more than offset lower activity in other markets." PTEN did not move rigs
6 Feb 2015 In fact, Citigroup forecasts that without a “sizeable” cut in rig counts at the leading shale regions, Bakken, Eagle Ford and Permian, production 6 Aug 2019 An active rig count is an official listing of operational oil and gas rigs in a certain area. It provides insight into the quantity of active drilling rigs. 4 Nov 2013 These include the active rig count, drilling efficiency as well as the productivity of new wells, and production and depletion trends for previously 20 Jun 2019 This week, I'd like to discuss the current state of the oil and gas industry in Oklahoma in terms of rig counts and oil prices. A recent rig count 1 Oct 2019 Global Forecast Jackup Demand 2020 2021. Offshore staff. HOUSTON – The global offshore rig market is set to continue its tentative recovery 19 Apr 2015 Figure 2 Individual counts of US oil and gas rigs shows that following the 2008 crash, when the drilling recovery came it was led by oil and the 12 Jul 2018 We empirically verify the impact of changes in oil prices on rig counts, paper seeks to build should help improve forecasting the impact of oil.
23 Nov 2019 Rig counts in the Permian region fell 15 percent during this period, from 487 to 408 rigs. Because EIA expects WTI-Cushing crude oil prices to
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products. *Effective October 8, 2019, we are sunsetting the Interactive U.S. Rig Count Maps site. You will no longer be able to access the site, but you can still access the same data through the files located above. The US Land Rig Demand Forecast is a detailed analysis of land rig demand that takes into consideration several variables, including: macro economic conditions, drilling technology, demand for oil and gas, and CAPEX reporting. Broken down by region, you'll have actionable details on when and where rig demand recovery is forecasted to occur.
World Land Drilling Rig Market Forecast 2019-2023 - The outlook for growth in the drilling rig market is positive through to 2017. Following a 16% dip during the economic recession in 2008-2009, operational rigs grew by 6%, and these numbers are forecast to rise again from 2013-2017 by 23%
7 Jan 2020 The industry's advance beyond the rig count indicating production This helps explain why the IEA forecasts that the U.S. will account for 85% 2020 Forecast - U.S. rotary rig count ///. Spending discipline slows drilling activity in shale plays. Log in to view this article. Not yet a subscriber? Get started now 6 Feb 2020 Already there is an “increasing rig count” in the Permian, which “should more than offset lower activity in other markets." PTEN did not move rigs