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NorthAmerican Rig Count | | | | Change | Percent Change | | 05/02/08 | 04/25/08 | 05/04/07 | Weekly | Annual | Weekly | Annual | | Total U.S. | 1,839 | 1,842 | 1,747 | (3) | 92 | -0.2% | 5.3% | | Offshore | 69 | 67 | 74 | 2 | (5) | 3.0% | -6.8% | | Land | 1,770 | 1,775 | 1,673 | (5) | 97 | -0.3% | 5.8% | | Inland Waters | 23 | 25 | 30 | (2) | (7) | -8.0% | -23.3% | | Oil | 357 | 360 | 282 | (3) | 75 | -0.8% | 26.6% | | Percent | 19.4% | 19.5% | 16.1% | -0.1% | 3.3% | | | | Gas | 1,473 | 1,473 | 1,462 | 0 | 11 | 0.0% | 0.8% | | Percent | 80.1% | 80.0% | 83.7% | 0.1% | -3.6% | | | | Directional | 372 | 374 | 374 | -2 | -2 | -0.5% | -0.5% | | Horizontal | 515 | 511 | 371 | 4 | 144 | 0.8% | 38.8% | | Gulf of Mexico | 67 | 64 | 73 | 3 | -6 | 4.7% | -8.2% | | Gulf Oil | 1 | 1 | 0 | 0 | 1 | 0.0% | n.a. | | Percent | 1.5% | 1.6% | 0.0% | -0.1% | 1.5% | | | | Gulf Gas | 66 | 63 | 73 | 3 | -7 | 4.8% | -9.6% | | Percent | 98.5% | 98.4% | 100.0% | 0.1% | -1.5% | | | | Canada | 95 | 88 | 89 | 7 | 6 | 8.0% | 6.7% | | Oil | 33 | 24 | 46 | 9 | (13) | 37.5% | -28.3% | | Percent | 34.7% | 27.3% | 51.7% | 7.5% | -16.9% | | | | Gas | 62 | 64 | 43 | (2) | 19 | -3.1% | 44.2% | | Percent | 65.3% | 72.7% | 48.3% | -7.5% | 16.9% | | | | North America | 1,934 | 1,930 | 1,836 | 4 | 98 | 0.2% | 5.3% | Monthly:International and Workover Rig Counts Internationalrig count,which excludes the US and Canada, was up 22 to 1,054 for themonthof March, 2008 and is 60 rigs or 6.0 percent above lastyear's 994. The totalnumber of rotaryrigs worldwide in February was 3,259 down 158 from February and 124 higher thanlast year. USworkover rig count for June,2007 was down 9 to 1,548 and is 100rigs below last year's levelof 1,657. Source: Baker-Hughes | Change | Percent Change | | Mar, 2008 | Feb 2008 | Mar, 2007 | Monthly | Annual | Monthly | Annual | | International Rig Count* | 1,054 | 1,032 | 994 | 22 | 60 | 2.1% | 6.0% | | World Rig Count | 3,259 | 3,417 | 3,135 | (158) | 124 | -4.6% | 4.0% | | U.S. Workover Rig Count** | 1,548 | 1,557 | 1,647 | (9) | (99) | -0.6% | -6.0% | *International Excludesthe U.S. and Canada **Baker Hughes discontinued their workover rig count. The latest datareported is for June, 2007. | TheRig Count pagewill be updated as the data becomes available. US rotary and Canadianrigcounts are updated weekly. International, world and workover rigcounts are updated mid month. The oil price shown in all longtermgraphs and all but the short term graph of US and Canadian rotary rigcountsis US average wellhead price. The price in the short term US andCanadianrotary rig count graphs is WTI spot. | | | Long term | Short Term | Clickon graph for a larger image. | Clickon graph for a larger image. | Clickon graph for a larger image. | Clickon graph for a larger image. | Clickon graph for a larger image. | Clickon graph for a larger image. | Clickon graph for a larger image. | Clickon graph for a larger image. | Clickon graph for a larger image. | Clickon graph for a larger image. | [WTRG'sHOME PAGE] Copyright© 1999 - 2007by James L. Williams | | | JamesL. Williams WTRGEconomics Phone:(479) 293-4081 | | Tocontact us orif you have comments or suggestions, e-mail WTRGat wtrg@wtrg.com | | | |