42nd Annual Reed rig census

Journal Article · Sat Oct 01 00:00:00 EDT 1994 · World Oil; (United States)

OSTI ID:6845554

Stokes, T A; Rodriquez, M R ^[1]

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1. Reed Tool Co., Houston, TX (United States)

The eleven-year trend of attrition in the US rig fleet slowed significantly this year as only 12 rigs, or less than 1%, left the available fleet. The number of rotary rigs available for drilling in the US now stands at 1,841. but for the 42-year history of the Reed Tool Co. Rotary Rig Census, the 1973 available rig count of 1,767 remains the record low for yet another year. The count of rigs active during the 45-day census period also declined since last year's census. The active count was down 4.5% to 1,221 from 1,279 in 1993. As a consequence, rig utilization fell to 66.3% in 1994, from 69.0% last year. Notably, a strong shift to gas from oil drilling has occurred. Of the 1,221 rigs active in the census period, 540 were drilling for gas on the last well vs. 356 drilling for oil. Compared to last year, this is an increase in gas drilling of 29% and a decrease in oil drilling 22%. (Rigs targeting both oil and gas totaled 325 in 1994.)

• OSTI ID: 6845554
• Journal Information: World Oil; (United States), Vol. 215:10; ISSN 0043-8790
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
03 NATURAL GAS
42 ENGINEERING
DRILLING EQUIPMENT
MARKET
NATURAL GAS INDUSTRY
COMPILED DATA
PETROLEUM INDUSTRY
NATURAL GAS WELLS
OIL WELLS
WELL DRILLING
DATA
DRILLING
EQUIPMENT
INDUSTRY
INFORMATION
NUMERICAL DATA
WELLS
020000* - Petroleum
030000 - Natural Gas
422000 - Engineering- Mining & Underground Engineering- (1980-)