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LATEST INDUSTRY STATISTICS
USA Rig Count (by Baker Hughes)
  • The US Rig Count for last week was 936 DOWN 3 from the prior week of 939 and a year ago was 694
  • Drilling for Oil 747 prior week 752 year ago 551                                                
  • Drilling for Natural Gas 189 prior week 187, year ago 142
  • The Rocky Mountain Rig Count for last week was 117 prior week total was 120 a year ago was 88
  • The Appalachian Region Rig Count for last week was 77 prior week total was 79, a year ago was 63
  • South Texas Region (w/ Eagle Ford Shale) Rig Count for last week was 76 prior week total was 77, a year ago was 63
Rig Count _USA_ - Weekly Last 24 Months
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Rig Count _USA_ - Monthly Average
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Offshore Utilization Rate
  • (IHS-Petrodata) The offshore rig marketed utilization rate in the US Gulf of Mexico last week was 63.0% prior week was 61.1%, year ago was 73.5%
  • Gulf of Mexico: Total Supply 93 Marketed Supply 54, Marketed Contracted 34
  • The offshore rig marketed utilization rate Worldwide last week was 71.4% prior week was 71.2%, year ago was 67.7%
  • Worldwide: Total Supply 801 Marketed Supply 664, Marketed Contracted 474

 

Worldwide Offshore Rig count and Utilization
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Drilling Permits
  • (RigData) Total drilling permits filed in the USA in December was 4,983 permits, prior month total was 3,996, same month year ago was 2,827
  • Tracking Prior 12 months > December 4,983, November 3,996, October 3,929, September 4,802, August 3.409, July 3,420, June 4,441, May 3,247, April 2,757, March 4,025, February 3,281, January 2,596
  • Year-to-date > December 2017 = 44,886, December 2016 = 28,323, December 2015 = 44,883, December 2014 = 76,393, December 2013 = 69,708
  • Year-by-year > 2010 = 66,013, 2011 = 70,251, 2012 = 69,408, 2013 = 69,708, 2014 = 74,615, 2015 = 44,883, 2016 = 28,323, 2017 = 44,886
Drilling Permits - USA
Drilling Permits
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Natural Gas
(Bloomberg News) Ended week at $3.19 prior week ended at $3.20 year ago was $3.20

Natural Gas Prices - Last 24 mos
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Natural Gas Prices - Annual
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Crude Oil                                                                                                                                     
(Bloomberg News) Ended week at $63.37 prior week ended at $64.30 year ago was $53.22

Crude Oil Prices - Last 24 months
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Crude Oil Prices - Annual
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AAA Daily Fuel Gauge Report


Current
Prior Week
Last Year
National Avg
$2.54
$2.53
$2.31

Texas
 $2.29
$2.28
$2.13

New York
$2.70
$2.67
$2.53

California
$3.19
$3.18
$2.80


Steel Output - USA
  • (AISI) Steel Output for the USA Year to date is 3,110,000 tons, Year ago to date was 3,224,000 tons.
  • Capability Utilization Year to date is 71.9%, compared to Year Ago to date of 74.5%.
Click image  to see historical

Scrap Iron Consumer Buying Price - Chicago #1 Busheling

  • (Steel Markets) Current price $365/ton as of 01-08-17, UP from $345/ton as of 12-07-17
Click image  to see historical

HEADLINES OF INTEREST FROM THE OIL PATCH
MONTHLY PIPE & STEEL MARKET ANALYSIS & INSIGHTS 
Pipe Logix Line Pipe Report 
Dec 2017
Preston Pipe Report - The Line Pipe Market
Dec 2017
Zekelman Industries Steel Snapshot
Jan 208
AISI - Press Release on Latest U.S. Imports of Steel Products
Oct 2017
INDUSTRY GET TOGETHERS 

NASPD (National Association of Steel Pipe Distributors) 
Annual Convention - February 15th - 17th, 2018
The NASPD 2018 Annual Convention will be held February 15th - 17th at The Westin Galleria Houston, 5060 W Alabama Street, Houston, Texas 77056
For details on the program speakers, attendees, or to register to attend, check out the web site at  www.naspd.com  
Speakers Presentations and attendee listing from the recently held NASPD Fall Conference in Philadelphia, Pennsylvania > http://www.naspd.com
 
NAPCA (National Association of Pipe Coating Applicators)  
54th Annual Convention  April 2018
The NAPCA Annual Convention will be held April 18th - 21st, 2018 at the Westin La Paloma Resort & Spa, Tucson, Arizona
For details on the program speakers, attendees, or to register to attend, check out the web site at www.napca.com  

NATURAL GAS & CRUDE OIL WEEKLY UPDATE
In the News (EIA):   EIA estimates that December 2017 U.S. natural gas production set a new record: EIA's Short-Term Energy Outlook (STEO), released January 9, 2018, estimates that U.S. dry natural gas production averaged a record-high 78.1 billion cubic feet per day (Bcf/d) during December 2017, topping the previous estimated record set the month 

 

 

CRUDE OIL WEEKLY UPDATE (week ending 01-26-18)

Summary (EIA): U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending January 12, 2018, 448,000 barrels per day less than the previous week's average. Refineries operated at 93.0% of their operable capacity last week. Gasoline production increased last week, averaging over 9.7 million barrels per day. Distillate fuel production
ECONOMIC MONTHLY SUMMARIES 
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This publication is compiled from various sources (as credited above) and presented in a single publication to our Friends In The Oil Patch as a customer service and for informational purposes only. 
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