Rig Count Data: for the week ending: January 2, 2009

U.S. Rig Count

For the week ending January 2, 2009 the total U.S. rotary rig count was 1,623 down 98 rigs from the previous week, down -151 rigs from a year ago.

The U.S. land rig count was down -5.93% this week, down 98 rigs from last week to 1,555 total rigs running representing an annualized change of -9.12%.

The U.S. offshore rig count was unchanged this week.

  Rotary Rig Counts   Change   Change %
2009-01-02 Week Ago Year Ago   Weekly Annual   Weekly Annual
Land Rigs 1,555 1,653 1,711   -98 -156   -5.93% -9.12%
Offshore Rigs 68 68 63   0 5   0.00% 7.94%
Total   1,623 1,721 1,774   -98 -151   -5.69% -8.51%

The U.S. rig count drilling for oil was down -4.95% this week, down 18 rigs from last week to 346 total rigs running representing an annualized change of 5.81%.

The U.S. rig count drilling for gas was down 0.00% this week, down 0 rigs from last week to 68 total rigs running representing an annualized change of 7.94%

  Rotary Rig Counts   Change   Change %
2009-01-02 Week Ago Year Ago   Weekly Annual   Weekly Annual
Oil 346 364 327   -18 19   -4.95% 5.81%
Gas 1,267 1,347 1,409   -80 -142   -5.94% -10.08%
Misc 10 10 8   0 2   0.00% 25.00%
Total  1,623 1,721 1,744   -98 -121   -5.69% -6.94%

The U.S. rig count drilling low-angle directional holes was down -4.69% this week, down 16 rigs from last week to 325 total rigs running representing an annualized change of -8.71%.

The U.S. rig count drilling horizontal holes was down -3.77% this week, down 23 rigs from last week to 587 total rigs running representing an annualized change of 31.32%.

The U.S. rig count drilling vertical holes was down -0.49% this week, down -4 rigs from last week to 809 total rigs running representing an annualized change of -16.68%.

  Rotary Rig Counts   Change   Change %
2009-01-02 Week Ago Year Ago   Weekly Annual   Weekly Annual
Directional 325 341 356   -16 -31   -4.69% -8.71%
Horizontal 587 610 447   -23 140   -3.77% 31.32%
Vertical 809 813 971   -4 -162   -0.49% -16.68%
Total  1,721 1,764 1,774   -43 -53   -2.44% -2.99%

Canadian Rig Count

The Canadian rotary land rig count was down -5.93% this week, down 17.69 rigs from last week to 228 total rigs running representing an annualized change of -60.62%.

The Canadian offshore rig count was down 0.00% this week, down 1 rigs from last week to 2 total rigs running representing an annualized change of -33.33%

  Rotary Rig Counts   Change   Change %
2009-01-02 Week Ago Year Ago   Weekly Annual   Weekly Annual
Land Rigs 228 277 579   -49 -351   -17.69% -60.62%
Offshore Rigs 2 2 3   0 -1   0.00% -33.33%
Total   230 279 582   -49 -352   -17.56% -60.48%

The Canadian rig count drilling for oil was down -43.48% this week, down 40 rigs from last week to 52 total rigs running representing an annualized change of -70.11%.

The Canadian rig count drilling for gas was down -4.81% this week, down 9 rigs from last week to 178 total rigs running representing an annualized change of -47.80%.

  Rotary Rig Counts   Change   Change %
2009-01-02 Week Ago Year Ago   Weekly Annual   Weekly Annual
Oil 52 92 174   -40 -122   -43.48% -70.11%
Gas 178 187 341   -9 -163   -4.81% -47.80%
Total  230 279 515   -49 -285   -17.56% -55.34%

International Rig Count

The African rig count was down -1.67% for January, down 1 rigs from December to 59 total rigs running representing an annualized change of -20.27%.

The Asia/Pacific rig count was up 3.69% for January, up 9 rigs from December to 253 total rigs running representing an annualized change of 4.98%.

The European rig count was up 5.94% for January, up 6 rigs from December to 107 total rigs running representing an annualized change of 38.96%.

The Latin American rig count was unchanged for January at 397 rigs.

The Middle Eastern rig count was down -2.78% for January, down 8 rigs from December to 280 total rigs running representing an annualized change of 2.19%.

  Rotary Rig Counts   Change   Change %
2008-12-01 Month Ago Year Ago   Mnthly Annual   Mnthly Annual
Africa 59 60 74   -1 -15   -1.67% -20.27%
Asia/Pacific 253 244 241   9 12   3.69% 4.98%
Europe 107 101 77   6 30   5.94% 38.96%
Latin America 397 403 370   -6 27   -1.49% 7.30%
Middle East 280 288 274   -8 6   -2.78% 2.19%
Total  1,096 1,096 1,036   0 60   0.00% 5.79%

Worldwide Rig Count

The worldwide rotary rig count was down -6.09% for January, down -210 rigs from December. As of 2008-12-01 there are 1,782 rigs running in the U.S., 360 rigs running in Canada and 1,096 rigs running internationally for a total worldwide operating rig count of 3,238, down from 3,448 one month ago.

  Rotary Rig Counts   Change   Change %
2008-12-01 Month Ago Year Ago   Mnthly Annual   Mnthly Annual
United States 1,782 1,935 1,811   -153 -29   -7.91% -1.60%
Canada 360 417 360   -57 0   -13.67% 0.00%
International 1,096 1,096 1,036   0 60   0.00% 5.79%
World Total  3,238 3,448 3,207   -210 31   -6.09% 0.97%
  • The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets. Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975.
  • The oil and gas rig count, which is the number of rigs currently online, is widely regarded as an important indicator in assessing the health of the oil industry. It can give investors and companies an idea of current demand, as well as provide clues for the immediate future.
  • U.S & Canadian rotary rig counts are updated weekly at 12:00 Central Time.
  • International rotary rig counts are updated mid-month for the preceeding month.
  • Rotary Rig Count data is provided by and copyright: Baker Hughes, Inc.
Rig Count Data Last Updated: 2009-01-04 05:15:13 CST