Industry at a glance

Vol. 234 No. 12

INDUSTRY AT A GLANCE

A sharp drop in West Texas Intermediate crude oil prices was not matched by either Brent Blend or Dubai Fateh, as stronger-than-expected European demand kept prices buoyed on that side of the Atlantic. Once again, a drop in OPEC crude production was more than offset by rising output outside the organization. Natural gas prices slipped on the Henry Hub, settling in the mid-$3 range, while production continued to trend upward. The U.S. Rotary Rig Count continued a steady year-long decline to around 1,740 rigs, 5% below the same period in 2012. Internationally, the rig count rose once again, with improvements on land and offshore.

US Gas Prices ($/MCF) and Production (BCFD) Graph		World Oil Production Table
US Rotary Drilling Rigs Graph		Selected World Oil Prices Graph
US Rotary Drilling Rigs Table		International Rotary Rig Graph
Workover Rig Table		International Rotary Rig Table
US Oil Production		International Offshore Rigs Table
U.S. Onshore Well Count