Increases in onshore, gas drilling help to boost US rig count slightly

By OGJ editors
HOUSTON, Apr. 19 -- Increases in drilling onshore and gas drilling have helped to strengthen the US rig count for the second week in a row. US drilling activity increased by 2 rigs this week, with 749 rigs reported working in the US and its waters, Houston-based Baker Hughes Inc. said Friday. The US active rig count stood at 1,213 a year ago.

Rig counts were lower this week for offshore and oil drilling. In the US, there were 630 land rigs, up 5 from a week ago. The number of units drilling in inland waters rose to 17, up 1 from last week.

There were 102 rigs drilling in the US offshore sector, 4 less than a week ago, and rigs drilling in the Gulf of Mexico dropped below 100, reaching 99, down 4. A year ago, there were 168 rigs drilling in the US offshore sector and 162 working in the gulf.

The number of mobile offshore rigs available for work in the gulf decreased by 1 to 199 this week, reported ODS-Petrodata Group, Houston. The number of rigs under contract also declined, down 1 to 123. The rig utilization rate stood at 61.8%, down 0.2 points from a week ago. A year ago, there were 211 rigs available for work in the gulf with an 89.6% utilization rate.

"Only 4 of the industry's 20 lower-end semisubmersibles. . .are working in the Gulf of Mexico," noted Banc of America Securities LLC analyst James K. Wicklund. Although the utilization of jack ups in the gulf is improving, Wicklund said. "[Gulf of Mexico] jack up utilization continues to improve, now standing at 65% compared to 50% in November; premium jack up utilization is near 100%, and we are beginning to see slight increases in day rates for premium jack ups," he said.

The total number of US rotary rigs drilling for natural gas was up by 3 to 613 this week, Baker Hughes said. There were 134 rigs drilling for oil, down 1 from a week ago. Two rigs were unclassified.

The number of rigs involved in directional drilling was down 8 to 204. Those rigs drilling horizontal wells reached 56 this week, down 3.

Oklahoma led the US gains, up 7 rigs to 75. Louisiana and Alaska were both down, 12 and 2, to 146 and 11, respectively. California and New Mexico were up 2 rigs each, to 23 and 34, respectively. Texas was up 1 rig to 307 and Wyoming was down 4 rigs to 30.

In Canada, the rig count dropped below 100, reaching 96, or 31 fewer rigs working than the previous week.

ODS-Petrodata reported that, worldwide, the number of mobile offshore rigs under contract remained flat for the week at 520 out of a total fleet of 654 rigs. The worldwide fleet utilization rate stood at 79.5%, up 0.1 point from a week ago.

Related Articles

EIA: US gasoline prices to average $1/gal less in 2015 vs. 2014

02/10/2015 US regular gasoline retail prices are expected to average $2.33/gal in 2015, down from $3.36/gal in 2014, according to the Energy Information Admin...

New York state decides to ban hydraulic fracturing

02/10/2015 New York state officials planned in 2015 to officially ban high-volume hydraulic fracturing, which would end a temporary moratorium that has existe...

WoodMac: Eagle Ford production tops 1 billion bbl

02/10/2015 Analysts forecast increasing unconventional US production during 2015 with one of the prolific plays being the Eagle Ford shale in South Texas.

Accenture: Eagle Ford operators cut costs with integrated planning, better logistics

02/10/2015 Accenture examined the importance of integrated planning and logistics as a way to save money for operators in the South Texas Eagle Ford, a region...

Unconventional plays continue driving US production

02/10/2015 Output from unconventional projects is expected to account for much of the anticipated US production growth during 2015 although falling crude oil ...

MARKET WATCH: NYMEX oil prices rise on revised OPEC forecast

02/10/2015 Crude oil prices climbed more than $1/bbl on Feb. 9 to settle above $52/bbl, marking a third consecutive trading session that ended with higher pri...

Williams, DCP start gas flow from Keathley Canyon Connector

02/10/2015 Williams, through its general partner ownership of Williams Partners, and DCP Midstream Partners LP have started operations from their newly extend...

Bakken likely to be hardest hit by oil-price slump

02/10/2015 Opinions varied among analysts and consultants contacted by UOGR regarding which unconventional US plays will maintain robust drilling and investme...

Renewed uncertainty emerges over Greater Sunrise development

02/10/2015 There has been renewed uncertainty over the development of the Woodside Petroleum Ltd.-operated Greater Sunrise gas field in the Timor Sea followin...

White Papers

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...

6 ways for Energy, Chemical and Oil and Gas Companies to Avert the Impending Workforce Crisis

As many as half of the skilled workers in energy, chemical and oil & gas industries are quickly he...
Sponsored by

Available Webcasts



Global LNG: Adjusting to New Realties

When Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


US Midstream at a Crossroads

When Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

register:WEBCAST



On Demand

The Future of US Refining

Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected