US Oil Rig Count Nearly Doubles in Last Year Thanks to President Trump

thegatewaypundit ^ | Jim Hoft

[davikkm]

One of President Trump’s first actions was an executive order advancing the construction of the Keystone XL and Dakota Access oil pipelines.

There are now 958 active oil rigs operating in the US today. This is nearly twice as many as the 495 US rigs in operation last year during the Obama presidency. That means thousands of jobs generated in the energy sector since President Trump came into office.

[KC_Lion]

YES!

Drill Baby, Drill!

[Timpanagos1]

On August 1, 2014 the US Rig Count was 1573

Today, the US Rig Count is 766

https://ycharts.com/indicators/us_oil_rotary_rigs

[roadcat]

This is nearly twice as many as the 495 US rigs in operation last year during the Obama presidency.

This is something that should make liberals very happy! For decades they have been saying we will run out of oil within a few years and have to use non-fossil-fuel sources for energy. President Trump's actions have boosted the world's supply of oil, and given liberals more time to tinker with non-fossil-fuel sources to try to make them work effectively. I figure they need about 100 to 200 years to get it done. Meanwhile, we have oil to create the more than 6,000 or so products that keep our civilization working. Such as asphalt, plastics, paints, lubricants, livestock feed, etc., as well as fuels for our vehicles. When are we going to see the commercial airline industry go to solar-powered passenger aircraft? (Crickets...)

[davikkm]

We are on the road to energy INDEPENDENCE for the first time in a very long time. Oil and natural gas production are higher today than at anytime in decades and we are once again EXPORTING energy.

[gibsonguy]

So which is it, 958 or 766? Either way it’s a long way to go just to get back 1573 but it’s going the right way. Now imagine if the witch had won.

[Diana in Wisconsin]

So. Much. Winning! :)

[Diana in Wisconsin]

We’re heading in the right direction, at least! :)

[SandRat]

Every rig added, ads a lot of working man jobs.

[Timpanagos1]

Baker Hughes has a Rig Count and an oil Rig Count.

The article stated Oil Rig Count, but there numbers were way off.

[Owen]

Why isn’t that work automated? Conservatism wants efficiency, yes?

[Okieshooter]

There have been immense improvements in drilling rig technology in the last 20 years and much of the work on a drilling rig is automated. Being an old timer that started roughnecking in the 50's I call the hands on these new rigs softnecks. Not only do they have a softer job much of their work is done by software.😄

[texas booster]

What is the typical on-site worker count on a modern rig, verses when you were there?

Do fracking rigs need more on-site workers or fewer than their oil drilling counterparts?

I heard that modern rigs have about 100 workers on-site over two shifts, plus triple that in support staff that visit each rig, such as water trucks, disposal trucks and delivery trucks.

[Rennes Templar]

Oh the horror, the destruction of the sea. Pray for the marine life!

[Okieshooter]

First of all fracing has nothing to do with a the drilling process. That occurs after the well has been drilled and the drilling rig has moved off the location. I was speaking about the drilling process with the drilling rig. The number of crew members that are involved today with the actual operation of the drilling rig is pretty much the same usually about 5 on a crew.

There are much more supporting services on the location than was typical back in the day. Directional experts are now required to keep the horizontal drilling going in the desired direction and usually geologists to keep and eye on things.

To my mind drilling a horizontal hole is the equivalent in potential production of once took 15 to 20 vertical holes because if the much larger exposure of the bore hole to the producing formation. In the past a vertical hole would only have maybe 100 foot of exposure and now we can have 5000 or more. So in that respect the horizontal drilling has made it possible even though there are more people on the location in the final analysis they are producing more production per man hour. Also newer bit technology has increased penetration rate allowing less time to drill a well.

Everybody talks about fracing but that is really old technology that we have been doing since the 40’s with of course some improvements particularly the methods used in horizontal wells, such as stage fracing which is as many as 20 or more frac jobs along the horizontal well bore.

Bottom line it is horzontal drilling not fracing that has contributed most to the new drilling techniques.

Notice I spell fracing without a k. If you see an article with it spelled with a k it is a good sign that they don’t know what they are talking about.