RigData Insights

January Rig Count Dips as it Follows the Bouncing Price of a Barrel

  • Thursday, February 7, 2019
  • Posted By Unknown

Platts January 2019 Rig count
HOUSTON (February 6, 2019)  S&P Global Platts Analytics, today announced the total U.S. rig count for January 2019 was 1,113, down 34 (-3%) from December 2018, and up 18 (+2%) from  January 2018. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs.


  • January U.S. land rig count: 1,084, down 32 (-3%) from the previous month and up 17 (+2%) from January 2018
  • January U.S. inland waters and Gulf of Mexico rig count: 29, down 2 (-6%) from the previous month and up 1 (+4%) vs January 2018


“Heading into the new calendar year, oil prices were in a weakened state trading below $50 per barrel (/b) of West Texas Intermediate (WTI) crude,” said S&P Global Platts Senior Analyst Trey Cowan. “But in January, prices improved by about $7/b from the beginning to end-month, and it is this price rebound that is more telling than the sloughing off a few rigs over the month. Looking ahead, if WTI crude stays in the mid-$50/b area, we would expect the rig count to follow suit and show improvement in the weeks ahead."


For a free trial of Platts RigData location and permit reports please contact us at 800-371-0083 or email CustomerService.RigData@spglobal.com


To see a full state by state breakout plus inland water and offshore Gulf of Mexico call 800-371-0083. Or to see a sample issue and video on how our location data can help you discover leads for your services, get directions to the rig and grow your business go to Platts RigData Location & Operators.  


​For detailed permit data including the operator filing the permit with complete contact information, breakouts by state, onshore and offshore email CustomerService.RigData@spglobal.com or call 800-371-0083. To see a sample report and video on how permit data can help you identify trends and future drilling activity check out Platts RigData Permits & Players .




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