The US rotary rig count was down 11 rigs at 1,763 for the week of December 28th 2012. It is 244 rigs (12.2%) lower than last year. The number of rotary rigs drilling for oil was down 13 at 1,327. There are 134 more rigs targeting oil than last year. Rigs drilling for oil represent 75.3% of all drilling activity.
Rigs directed toward natural gas were up 2 at 431. The number of rigs currently drilling for gas is 378 lower than last year's level of 809.
Year over year oil exploration in the US is up 11.2%. Gas exploration is down 46.7%. The weekly average of crude oil spot prices is 9.7% lower than last year and natural gas spot prices are 9.8 percent higher than last year. Daily crude oil and natural gas futures and spot prices are available on our site.
Source:
http://www.steelguru.com/international_news/US_rig_counts_down_by_11_points/296877.html
