Major drop in rig numbers reported by Enverus

 

The U.S. rig count fell by 13 to a total of 878 during the week ended Oct. 5, according to Enverus Foundations data.

The count is up 1% in the last month and up 43% YOY. All numbers discussed are weekly peaks to avoid the sometimes wide variability of daily numbers.

The average number of rigs running in Q3 was 855 in the U.S., up 6% from Q2, with 320 in the Permian (up by 3% sequentially), 114 in the Gulf Coast (plus 13%), 75 in the Anadarko (plus 10%), 55 in the Appalachian (plus 4%), 42 in the Williston (plus 11%), 20 in the DJ (plus 11%) and 192 in other regions.

The largest YOY percentage increases were in the Williston (plus 75%), Gulf Coast (plus 68%), DJ (plus 54%) and Anadarko (plus 50%). The Q3 average in the Permian was up 36% YOY, and Appalachia was up 28% YOY. The U.S. ended Q3 with 891 active rigs, up by 42 rigs or 5% from the end of Q2.

The count previously included only rigs drilling for hydrocarbons but has been changed to include other rigs, such as those drilling injection or saltwater disposal wells. So far this year, the number of rigs drilling non-hydrocarbon wells has averaged 18, including two rigs in the Anadarko Basin, one in the Appalachian Basin, one in the DJ Basin, two in the Gulf Coast, one in the Williston Basin and six in the Permian.

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