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Title: 42nd Annual Reed rig census

Abstract

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.)

Authors:
;  [1]
  1. Reed Tool Co., Houston, TX (United States)
Publication Date:
OSTI Identifier:
6845554
Resource Type:
Journal Article
Journal Name:
World Oil; (United States)
Additional Journal Information:
Journal Volume: 215:10; Journal ID: ISSN 0043-8790
Country of Publication:
United States
Language:
English
Subject:
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-)

Citation Formats

Stokes, T A, and Rodriquez, M R. 42nd Annual Reed rig census. United States: N. p., 1994. Web.
Stokes, T A, & Rodriquez, M R. 42nd Annual Reed rig census. United States.
Stokes, T A, and Rodriquez, M R. 1994. "42nd Annual Reed rig census". United States.
@article{osti_6845554,
title = {42nd Annual Reed rig census},
author = {Stokes, T A and Rodriquez, M R},
abstractNote = {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.)},
doi = {},
url = {https://www.osti.gov/biblio/6845554}, journal = {World Oil; (United States)},
issn = {0043-8790},
number = ,
volume = 215:10,
place = {United States},
year = {Sat Oct 01 00:00:00 EDT 1994},
month = {Sat Oct 01 00:00:00 EDT 1994}
}