North American Rotary Rig Count

Measures in billions of dollars, NSA.

North American Rotary Rig Count
  • The North American Rotary Rig Count averaged 595 rigs in the 12 months through November, coming in above the year-ago level for the first time since 2019.
  • Global oil demand exceeds supply, which is reflected in elevated oil prices – this suggests opportunity for increased drilling operations.
    North American Rotary Rig Count
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