Trey Cowan, Senior Industry Analysts, S&P Global Platts

Source: Rigs and Drilling Analytical Report (RADAR), September 20, 2018

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WTI crude settled at $71.12 on September 9, 2018 for the front-month contract. Crude prices relative to one week ago were up by +$0.75 per barrel. Supply disruptions caused by geopolitical risks (think Venezuela and Iran) continue to be supportive to oil prices.

Natural gas prices have been taking their cue from weather-driven demand. Specifically, Henry Hub Natural Gas Futures settled at $2.908 per mmBtu on September 19, 2018 for the front-month contract, eight cents better than the prices last week. Given that storage levels are tracking well off the 5 year averages, prices could get quite volatile if a warm winter season does not materialize.

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Upstream Activity Data for North America 

For more information on North American upstream activity including permitting, drilling activity, production and completion data please contact S&P Global Platts via email CustomerService.RigData@spglobal.com or call 800-371-0083.

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