[TheDude]

The BLS has data on employment in the Oil and Gas Extraction sector, either total or production workers: Databases, Tables & Calculators by Subject, go to Employment, Hours, and Earnings - National. There's been roughly a 3.5% drop, compared to about 14.5% loss in 1986.

Baker Hughes has international data, Bas.

[Dreamtwister]

Speaking of someone being humiliated, someone here doesn't know the difference between a rig and a well.

To me this just means they are searching frantically for oil. Unfortunately (for them) most wells drilled are just dry holes.

Exactly. Would you want 1 rig that pumps 100 barrels per day, or 100 rigs that pump 1 barrel per day? I'd wager real money that the majority of those 444 rigs are strippers.

Yes you're absolutely right. My opinion is completely wrong because I said "rigs" instead of "rigs which sit over the wells". Because nobody here could possibly have divined my intent, right?

All the attempted brow-beating in the world over my admittedly lazy misuse of terminology can't save you from this:







And just because...

[shakespear1]

For those trying to find Oil & Gas statistics in the BLS link.

Look here

http://www.bls.gov/iag/tgs/iag211.htm

[MD]

The ineptitude, flawed logic, and general stupidity of posters on both sides of every argument on this forum no longer surprises me in the least.

What does surprise me is that I continue to browse in hopes of finding occasional nuggets of relevance or useful information.

The yields however have trickled down to effectively zero. Time to mine elsewhere.

[TheDude]

For those trying to find Oil & Gas statistics in the BLS link.

Look here

http://www.bls.gov/iag/tgs/iag211.htm

That works too. Gives you the lowdown on the sector at the moment, but I wanted to direct people to the historical data straightaway. Assuming anybody will take an interest, anyway.

[TheDude]

The ineptitude, flawed logic, and general stupidity of posters on both sides of every argument on this forum no longer surprises me in the least.

What does surprise me is that I continue to browse in hopes of finding occasional nuggets of relevance or useful information.

The yields however have trickled down to effectively zero. Time to mine elsewhere.

I hear ya brother. Well, assuming you don't think I'm just a cheerleading clod.

That would make for a good thread. Or the latest in a long series of same. I'm sure there's a merged metathread of gripes about how this site is seriously run over with knuckle walkers.

[TheAntiDoomer]

The ineptitude, flawed logic, and general stupidity of posters on both sides of every argument on this forum no longer surprises me in the least.

What does surprise me is that I continue to browse in hopes of finding occasional nuggets of relevance or useful information.

The yields however have trickled down to effectively zero. Time to mine elsewhere.

I hear ya brother. Well, assuming you don't think I'm just a cheerleading clod.

That would make for a good thread. Or the latest in a long series of same. I'm sure there's a merged metathread of gripes about how this site is seriously run over with knuckle walkers.

wow Dude, strong words. If you're going to go out and call folks "knuckle walkers" you should at least have the balls to call them out by name and not make a hide in the corner generalization.

[Bas]

yes, nice! here it is, international rig counts from BakerHughes, thanks to the Dude.
international rig count


seems like over half of the world's rigs are in Canada and the US,,,

[TheDude]

That would make for a good thread. Or the latest in a long series of same. I'm sure there's a merged metathread of gripes about how this site is seriously run over with knuckle walkers.

wow Dude, strong words. If you're going to go out and call folks "knuckle walkers" you should at least have the balls to call them out by name and not make a hide in the corner generalization.

I'd rather discuss things like the rig count than get into specifics of who's a mindless cheerleading nimrod.

Actually what I wish would happen would be for someone to start up a new forum for discussing energy that would have a policy against nimrods of all persuasions.

[pup55]

http://investor.shareholder.com/bhi/rig ... _index.cfm

Baker Hughes does the best job of anybody in recording rig count. There were 2200 rigs operating in 2008 before the collapse.

In North Dakota, they've gone from 59 to 180 in that time.

[babystrangeloop]

Smaller, more scattered oil fields require more rigs to produce the same rate as old giant fields (which needed fewer rigs.)

[Tanada]

Baker Hughes rid count report for December 22, 2014. While the count is still higher than 2014 it has begun falling perceptibly as projects are being delayed or cancelled.

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (
BHI
) reported a heavy fall in the U.S. rig count (number of rigs searching for oil and gas in the country) - the second such decline in succession.

This can be attributed to cutbacks in the tally of both oil and gas-directed rigs. In particular, oil rig count dropped to the lowest level since May, as crude prices remained below $60 per barrel on plentiful supplies and lackluster demand expectations.

Oil Rig Count: The oil rig count that rocketed to 1,609 in Oct, the highest since Baker Hughes started breaking up oil and natural gas rig counts in 1987, dropped by 10 to 1,536. Nevertheless, the current tally is way above the previous year's rig count of 1,395 and has recovered strongly from a low of 179 in June 2009, rising almost 9-fold.

http://www.nasdaq.com/article/us-rig-co ... z3NahEopA8

[ROCKMAN]

"The oil rig count that rocketed to 1,609 in Oct, the highest since Baker Hughes started breaking up oil and natural gas rig counts in 1987". And now down to 1500. And you ain't seen nuthin yet based on what I'm hearing on the street in Houston.

[shallow sand]

If already posted, mods please delete.

Predict how many rigs will be running 6/30/15 in US.

My guess. 900.

[dolanbaker]

Where is the starting point?

How many drilling rigs are there now?

[shallow sand]

As of 12/29/14 Baker Hughes rig count US -1,840.

[Tanada]

If already posted, mods please delete.

Predict how many rigs will be running 6/30/15 in US.

My guess. 900.

ROCKMAN and I were just discussing this in the rig count thread
u-s-oil-rig-count-rises-to-highest-level-since-1993-t57597-20.html

Let me know if you want to just merge on in.

[Tanada]

Major State Variances 12/29/2014 Baker Hughes

California
28 -17 45

North Dakota
169 -3 172

Texas
852 -16 868

I just copied the data for the three biggest losers, California down 17 rigs from a week earlier, ND down 3 and Texas down 16. You could blame the weather for ND losing three, but I have not hear about any horrible weather in Texas or California to explain drops like these.
http://phx.corporate-ir.net/phoenix.zht ... portsother

[ROCKMAN]

Been moving rigs in Texas since the fall. Zero weather problems anywhere down here.

[toolpush]

Shallow


A 50% cut sounds about right. The few companies that have been game enough to mention there 2015 drilling plans have been 50-60% cuts, and this is before we talk about bankruptcies, which could put a real stop on things.