U.S. drilling interest increases


The U.S. rig count rose by 10 in the last week to 754 as of March 9, according to Enverus Rig Analytics. Activity levels are up 4% in the last month and 61% in the last year.

The count was as high as 758 in the last week compared to a peak of 747 the prior week, representing an 11-well peak-to-peak increase.

Since the beginning of the year, the U.S. has added 71 rigs. More than 50% of the increase has been on the Gulf Coast, which saw a 19-rig increase to 95 rigs, and the Permian, up by 17 to 289.

Appalachia is up by eight rigs to 55, while the Anadarko and DJ basins are up by two each at 64 and 16, respectively.

The Bakken is down by one rig YTD at 32, which is unsurprising as the play usually sees little in the way of rig increases in the dead of winter. The play has averaged a two-rig increase from Jan. 1 through March 9 over the last four years.