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

Tight oil price test

02/02/2015 The basic job for Oil & Gas Journal writers is to pick the right words and put them in the right order, which is often harder to do than it mig...

Syncrude sees additional $260-400 million in possible budget cuts

02/02/2015 The estimate for capital expenditures has also been reduced to $451 million net to COS, which includes $104 million of remaining expenditures on ma...

EIA: Stable oil outlook seen despite near-term rig-count reduction

02/02/2015 According to data from Baker Hughes Inc., between the weeks ended Oct. 31, 2014, and Jan. 23, 2015, the number of active onshore drilling rigs in t...

BHI: Texas anchors 90-unit plunge in US rig count

01/30/2015 The US drilling rig count plunged 90 units—a majority of which were in Texas—to settle at 1,543 rigs working during the week ended Jan. 30, Baker H...

Victoria extends drilling, fracing ban

01/30/2015 The new Victorian Labor government of premier Daniel Andrews has extended the coal seam gas (CSG) exploration and hydraulic fracturing ban in the s...

Oxy cuts capital budget by a third

01/30/2015 In the midst of falling oil prices, Occidental Petroleum Corp., Houston, expects to reduce its total capital spending for 2015 to $5.8 billion from...

Gas-turbine units in transit to Vostochno-Messoyakhskoye field

01/28/2015 JSC Gazprom Neft reported that six gas-turbine power units are in transit to Vostochno-Messoyakhskoye field in the Yamalo-Nenetsk Autonomous Region.

Eni lets $2.54-billion contract for Ghana FPSO

01/28/2015 Eni SPA unit Eni Ghana Exploration & Production Ltd. has let a $2.54-billion contract to Malaysia’s Yinson Holdings Bhd. for the chartering, op...

Chevron, BP, ConocoPhillips join to explore, appraise Gulf of Mexico leases

01/28/2015 Chevron Corp. subsidiary Chevron USA Inc., BP PLC unit BP Exploration & Production Inc., and ConocoPhillips Co. have pledged to work together t...
White Papers

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

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...
Available Webcasts


Prevention, Detection and Mitigation of pipeline leaks in the modern world

When Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

register:WEBCAST



On Demand

Global LNG: Adjusting to New Realities

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

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


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


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