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Friday, June 3, 2016

Global Oil and Gas Exploration and Development | US + CAN in Free Fall

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The Baker Hughes International Rotary Rig Count is a monthly census of active drilling rigs exploring for or developing oil or natural gas outside North America (U.S. and Canada). The count does not include rigs drilling in Russia, the Caspian region, Iran, Sudan, Cuba, North Korea or onshore China. Iraq was excluded from the International Rotary Rig Count for the period September 1990 to May 2012. Syria is currently excluded from the International Rotary Rig Count as of February 2012 due to difficulty obtaining data as a result of continued civil unrest.

The international rig count for April 2016 was 946, down 39 from the 985 counted in March 2016 , and down 256 from the 1,202 counted in April 2015 . The international offshore rig count for April 2016 was 220, up 9 from the 211 counted in March 2016 , and down 80 from the 300 counted in April 2015 .

The average U.S. rig count for April 2016 was 437, down 41 from the 478 counted in March 2016 , and down 539 from the 976 counted in April 2015. In late May
only 404 rigs were left in operation in the U.S.. The average Canadian rig count for April 2016 was 41, down 47 from the 88 counted in March 2016 , and down 49 from the 90 counted in April 2015 . The worldwide rig count for April 2016 was 1,424, down 127 from the 1,551 counted in March 2016 , and down 844 from the 2,268 counted in April 2015 .