The U.S. rotary rig count from Baker Hughes was down 8 at 936 for the week of September 15, 2017. It is 430 rigs (85.0%) higher than last year.

The number of rotary rigs drilling for oil was down 7 at 749. There are 333 more rigs targeting oil than last year. Rigs drilling for oil represent 80.0 percent of all drilling activity. 

Rigs directed toward natural gas were down 1 at 186. The number of rigs drilling for gas is 97 higher than last year's level of 89.

Year-over-year oil exploration in the U.S. is up 80.0 percent. Gas exploration is up 109.0 percent. The weekly average of crude oil spot prices is 10.7 percent higher than last year and natural gas spot prices are 1.5 percent lower than last yearDaily crude oil and natural gas futures and spot prices are available on our site.


Canadian rig activity was up 10 at 212 for the week of September 15, 2017 and is 80 (60.6%) higher than last year. Rigs targeting oil were up 10 at 112 and are 37 (49.3%) higher than last year. Gas directed rig count at 100 was unchanged and is 44 rigs (78.6%) higher than last year. Canadian drilling falls rapidly in the spring to avoid environmental damage moving drilling equipment during the spring thaw and rainy seasonWith large weather related seasonal swings, even year-over-year comparisons can lead to incorrect conclusions.