US drilling hits 19-year seasonal high

By OGJ editors

HOUSTON, Jan. 14 -- US drilling activity increased by 16 units with 1,258 rotary rigs working this week, the highest rig count for the first month of a new year since 1986, when US drilling started the year with 1,915 active rigs, dropped to 1,880 in the second week, and tumbled to a summer low of 663.

The latest US rig count is only 10 less than last year's peak on Nov. 28 and up from 1,127 a year ago, which was the previous highest level for the second week of January since 1986, reported Baker Hughes Inc. on Jan. 14.

Unlike 1986, US and world demand for crude and natural gas generally is expected to continue to grow in 2005, buoying up both commodity prices and drilling activity.

US land operations accounted for all of this week's growth, up by 19 rotary rigs to 1,136 working. Offshore drilling dipped by 3 units to 98 in the Gulf of Mexico and 103 in US waters as a whole. Drilling in inland waters was unchanged with 19 rotary rigs employed.

In Canada, drilling activity jumped by 87 rotary rigs with 548 working this week, down from 563 during the same period last year.

Related Articles

Gas production set to resume at In Amenas gas facilities

09/02/2014 Statoil ASA and partners BP PLC and Algerian state-owned Sonatrach are set to resume “ordinary operations” at the In Amenas gas production facility...

Gazprom Neft starts deliveries of Badra field production to main pipeline

09/02/2014 JSC Gazprom Neft has reported that oil production from Badra field in Iraq is being delivered to Iraq’s main pipeline system for transfer to the ex...

BLM announces California oil, gas strategy as CCST issues report

08/29/2014 The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiv...

BHI: US rig count recoups last week’s losses, jumps to 1,914

08/29/2014 The US drilling rig count jumped 18 units to reach 1,914 rigs working, gaining back the 17 units it lost last week plus one, during the week ended ...

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