U.S. rig count for oil and gas and future economic growth

Aleklett's Energy Mix

Why is it interesting to study drilling rig statistics? The answer is that drilling rig activity indicates the future direction of the oil and gas industry.

In a short article without comments Oil & Gas Journal assert that the number of drilling platforms currently drilling for oil and gas in the USA has decreased by 12 units to 1749. Compared with the number of rigs one year ago, 2008 rigs, that is a decrease of 13%. A somewhat more detailed study shows that 51 rigs are drilling offshore, 429 rigs are drilling for gas and 1316 for oil while the rest could not be categorized. Those who are interested in the detailed statistics can visit the website of Baker Hughes Inc. http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm There one can also read that there are 601 rigs in Canada and 1253 rigs currently drilling in the rest of the world. Thus the total number of…

View original post 949 more words

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s