INDUSTRY STATISTICS (OCT 30 – NOV 3 2017)
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USA Rig Count (by Baker Hughes)
- The US Rig Count for last week was 909 Down 4 from the prior week of 913 and a year ago was 557
- Drilling for Oil 737 prior week 736 year ago 441
- Drilling for Natural Gas 172 prior week 177, year ago 114
- The Rocky Mountain Rig Count for last week was 116 prior week total was 117 a year ago was 75
- The Appalachian Region Rig Count for last week was 75 prior week total was 78, a year ago was 53
- South Texas Region (w/ Eagle Ford Shale) Rig Count for last week was 78 prior week total was 79, a year ago was 39
Offshore Utilization Rate
- (IHS-Petrodata) The offshore rig marketed utilization rate in the US Gulf of Mexico last week was 67.9% prior week was 69.8%, year ago was 73.5%
- Gulf of Mexico: Total Supply 94 Marketed Supply 53, Marketed Contracted 36
- The offshore rig marketed utilization rate Worldwide last week was 71.3% prior week was 70.6%, year ago was 70.2%
- Worldwide: Total Supply 809 Marketed Supply 661, Marketed Contracted 471
Drilling Permits
- (RigData) Total drilling permits filed in the USA in August was 3,409 permits, prior month total was 3,420, same month year ago was 2,344
- Tracking Prior 12 months > August 3.409, July 3,420, June 4,441, May 3,247, April 2,757, March 4,025, February 3,281, January 2,596, December 2,827, November 2,621, October 2,534, September 2,951
- Year-to-date > August 2017 = 27,176, August 2016 = 17,390, August 2015 = 30,513, August 2014 = 52,830, August 2013 = 47,598
- Year-by-year > 2010 = 66,013, 2011 = 70,251, 2012 = 69,408, 2013 = 69,708, 2014 = 74,615, 2015 = 44,883, 2016 = 28,323
Natural Gas
(Bloomberg News) Ended week at $2.96 prior week ended at $2.95 year ago was $3.11
Crude Oil
(Bloomberg News) Ended week at $53.90 prior week ended at $51.42 year ago was $48.66
Gasoline Pricing $/gallon (AAA Texas)
Steel Output – USA
(AISI) Steel Output for the USA Year to date is 73,020,000 tons, Year ago to date was 70,355,000 tons.
Capability Utilization Year to date is 74.6%, compared to Year Ago to date of 72.2%.
2016 = 87,972,000 tons, 70.8% capability utilization
2015 = 88,419,000 tons, 70.1% capability utilization
2014 = 95,706,000 tons, 77.5% capability utilization
2013 = 94,809,000 tons, 76.8% capability utilization
2012 = 97,227,000 tons, 75.7% capability utilization
2011 = 95,594,000 tons, 74.7% capability utilization
2010 = 88,569,000 tons, 70.4% capability utilization
2009 = 63,173,000 tons, 51.5% capability utilization
2008 = 100,319,000 tons, 82.1% capability utilization
2007 = 106,473,000 tons, 86.1% capability utilization
2006 = 108,253,000 tons, 87.5% capability utilization
2005 = 102,524,000 tons, 85.0% capability utilization
2004 = 109,879,000 tons, 94.6% capability utilization
Scrap Iron Consumer Buying Price – Chicago #1 Busheling
(Steel Markets) Current price $330/ton as of 10-06-17, Down from $350/ton as of 07-10-17
Prior changes:
2017 = High $370/ton on 03-07-17, Low $305/ton on 02-08-17
2016 = High $275/ton on 05-06-16, Low $180/ton on 01-01-16, End $275/ton on 12-08-16
2015 = High $355/ton on 01-08-15, Low $160/ton on 11-06-15, End $160/ton on 12-07-15
2014 = High $440/ton on 01-10-14, Low $349/ton on 11-07-14, End $351/ton on 12-05-14
2013 = High $430/ton on 11-12-13, Low $380/ton on 05-03-13, End $430/ton on 12-12-13
2012 = High $520/ton on 01-09-12, Low $337/ton on 07-10-12, End $390/ton on 12-06-12
2011 = High $515/ton on 07-08-11, Low $434/ton on 01-07-11, End $500/ton on 12-07-12
2010 = High $480/ton on 04-08-11, Low $390/ton on 11-03-10, End $440/ton on 12-07-10
2009 = High $345/ton on 12-07-09, Low $170/ton on 04-16-09, End $345/ton on 12-07-09
2008 = High $890/ton on 07-17-08, Low $125/ton on 11-06-08, End $260/ton on 12-04-08
2007 = High $370/ton on 04-02-07, Low $265/ton on 01-08-07, End $340/ton on 12-10-07
2006 = High $345/ton on 06-14-06, Low $220/ton on 11-09-06, End $235/ton on 12-07-06
2005 = High $370/ton on 01-04-05, Low $140/ton on 06-03-05, End $280/ton on 12-01-05
2004 = High $430/ton on 11-08-04, Low $265/ton on 04-21-04, End $390/ton on 12-08-04