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Long-Term
Short-Term

Table
OPEC Rig Count by Target Change
Percent Change


October-12 September-12 October-11 Monthly Annual Monthly Annual
Abu Dhabi Oil 21 22 19 -1 2 -4.5% 10.5%
Gas 4 5 3 -1 1 -20.0% 33.3%
Misc 0 0 0 0 0 NM NM
Total 25 27 22 -2 3 -7.4% 13.6%
Dubai Oil 1 0 1 1 0 NM 0.0%
Gas 0 0 0 0 0 NM NM
Misc 0 0 0 0 0 NM NM
Total 1 0 1 1 0 NM 0.0%
Iran Oil 0 0 0 0 0 NM NM
Gas 0 0 0 0 0 NM NM
Misc 0 0 0 0 0 NM NM
Total 0 0 0 0 0 NM NM
Iraq Oil 67 70 0 -3 67 -4.3% NM
Gas 0 0 0 0 0 NM NM
Misc 0 0 0 0 0 NM NM
Total 67 70 0 -3 67 -4.3% NM
Kuwait Oil 24 24 30 0 -6 0.0% -20.0%
Gas 8 7 5 1 3 14.3% 60.0%
Misc 0 0 0 0 0 NM NM
Total 32 31 35 1 -3 3.2% -8.6%
Qatar Oil 4 5 4 -1 0 -20.0% 0.0%
Gas 2 1 3 1 -1 100.0% -33.3%
Misc 0 0 0 0 0 NM NM
Total 6 6 7 0 -1 0.0% -14.3%
Saudi Arabia Oil 58 51 44 7 14 13.7% 31.8%
Gas 30 30 29 0 1 0.0% 3.4%
Misc 0 0 0 0 0 NM NM
Total 88 81 73 7 15 8.6% 20.5%
OPEC Mid. East Oil 175 172 98 3 77 1.7% 78.6%
Gas 44 43 40 1 4 2.3% 10.0%
Misc 0 0 0 0 0 NM NM
Total 219 215 138 4 81 1.9% 58.7%
Algeria Oil 26 31 25 -5 1 -16.1% 4.0%
Gas 12 10 8 2 4 20.0% 50.0%
Misc 1 1 1 0 0 0.0% 0.0%
Total 39 42 34 -3 5 -7.1% 14.7%
Angola Oil 8 5 7 3 1 60.0% 14.3%
Gas 0 0 0 0 0 NM NM
Misc 0 0 0 0 0 NM NM
Total 8 5 7 3 1 60.0% 14.3%
Libya Oil 12 13 0 -1 12 -7.7% NM
Gas 0 0 0 0 0 NM NM
Misc 0 0 0 0 0 NM NM
Total 12 13 0 -1 12 -7.7% NM
Nigeria Oil 11 13 13 -2 -2 -15.4% -15.4%
Gas 3 5 3 -2 0 -40.0% 0.0%
Misc 1 1 1 0 0 0.0% 0.0%
Total 15 19 17 -4 -2 -21.1% -11.8%
OPEC Africa Oil 57 62 45 -5 12 -8.1% 26.7%
Gas 15 15 11 0 4 0.0% 36.4%
Misc 2 2 2 0 0 0.0% 0.0%
Total 74 79 58 -5 16 -6.3% 27.6%
Ecuador Oil 23 24 16 -1 7 -4.2% 43.8%
Gas 0 0 0 0 0 NM NM
Misc 0 0 0 0 0 NM NM
Total 23 24 16 -1 7 -4.2% 43.8%
Venezuela Oil 66 64 65 2 1 3.1% 1.5%
Gas 4 4 12 0 -8 0.0% -66.7%
Misc 1 0 0 1 1 NM NM
Total 71 68 77 3 -6 4.4% -7.8%
South America Oil 89 88 81 1 8 1.1% 9.9%
Gas 4 4 12 0 -8 0.0% -66.7%
Misc 1 0 0 1 1 NM NM
Total 94 92 93 2 1 2.2% 1.1%
OPEC Oil 321 322 224 -1 97 -0.3% 43.3%
Gas 63 62 63 1 0 1.6% 0.0%
Misc 3 2 2 1 1 50.0% 50.0%
Total 387 386 289 1 98 0.3% 33.9%
 
Copyright 2002-2012
by James L. Williams 
 

 
James L. Williams
WTRG Economics 
P.O. Box 250
London, Arkansas 72847
Phone: (479) 293-4081
 
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