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North American Rotary Rig Counts
The U.S. rotary rig count from Baker Hughes was up 2 at 756 for the week of March 3, 2017. It is 267 rigs (54.6%) higher than last year.

The number of rotary rigs drilling for oil was up 7 at 609. There are 217 more rigs targeting oil than last year. Rigs drilling for oil represent 80.6 percent of all drilling activity.

Rigs directed toward natural gas were down 5 at 146. The number of rigs drilling for gas is 49 higher than last year's level of 97.

Year-over-year oil exploration in the U.S. is up 55.4 percent. Gas exploration is up 50.5 percent. The weekly average of crude oil spot prices is 54.7 percent higher than last year and natural gas spot prices are 62.1 percent higher than last year. Daily crude oil and natural gas futures and spot prices are available on our site.
Canadian rig activity was down 6 at 335 for the week of March 3, 2017 and is up 206 (159.7%) from last year. The number of rigs drilling for oil was down 9 at 197 and is 147 (294.0%) higher than last year. Gas directed rig count at 138 was up 3 and is 59 rigs (74.7%) higher than last year. Canadian drilling falls rapidly in the spring to avoid environmental damage moving drilling equipment during the spring thaw and rainy season. With large weather related seasonal swings, even year-over-year comparisons can lead to incorrect conclusions.