Finding Industry Statistics
Statistics on current oil prices or historical trends in the oil and gas industry can be found in numerous places. The purpose of this page is not to be an exhaustive list of all sources of information, but to help you identify some of the most referenced sources of information on various topics so that you can quickly access the information you need with minimal searching. Some statistics are available free of charge; others may require purchase to obtain details or history.
American Petroleum
Institute 
— API is the
primary source for US well completions data. API prepares the Joint Association
Survey on Drilling Costs, a detailed report on the average cost of drilling
wells by state and depth in the US API also provides weekly US refinery
statistics, a monthly US supply/demand report and other information. API
publishes a printed compilation of a wide range of energy statistics from many
primary sources. Some API information is available online, but only to
subscribers. Most information must be ordered from API. API prepared a study
that estimates volumes of E&P wastes in the US, which may be available for
download through their website.
Baker Hughes — Baker Hughes is the primary
source for US and Canadian active drilling rig count data (weekly),
international drilling rig count data (monthly) and US and Canadian workover
rig count data (monthly). Information, including a time series history, can be
downloaded from their website.
BP Statistical Review of World Energy — This report covers oil,
natural gas, coal, nuclear energy, hydroelectricity, primary energy,
renewables, and electricity. In each area it provides information on issues
such as supply, demand, reserves, prices, stocks, and trade movements. The
Review brings together statistics from a wide variety of primary sources.
Certain data and graphics are available online. The report can be downloaded in
full or in part as a pdf, with the graphics as a separate Powerpoint
presentation that can also be downloaded.
Independent
Petroleum Association of America (IPAA) — IPAA produces an annual
volume with profiles of the energy situation in each state in the US. Most of
the data are originally from other sources, but the compilation is a short cut
for those needing state-level data.
International Energy
Agency — IEA is a
primary source for information on consumption, imports, exports, and stocks in
developed and developing countries. IEA reports include other statistics also
(e.g., production), as well as market analyses. Some of their reports can be
accessed via the website; others must be ordered.
International Tanker Owners
Pollution Federation Limited (ITOPF) — ITOPF collects and
disseminates historical data on number, frequency, cause, size, and cost, of
oil spills. Most data are available through their website.
Interstate Oil and Gas
Compact Commission (IOGCC) — IOGCC is an organization of
the state agencies that regulate the oil and gas industry in the US. IOGCC
collects data on marginal wells in the US—those wells that produce less than 10
barrels per day. They conduct other studies and analyses on US energy supply,
many of which are available for download from their website.
ODS-Petrodata — ODS-Petrodata compiles data
on the worldwide offshore rig fleet, including location, active rig count, and
current day rates. Some of this information is available through the company's
website.
Oil & Gas
Journal — The
Oil & Gas Journal is a primary source for oil and gas reserves by
country worldwide, along with oil production (by country and, in some cases,
individual fields) and producing oil wells estimates. These statistics are
published in a yearend issue of the magazine. OGJ maintains an online database
of industry statistics that brings together most of the major sources of energy
statistics worldwide. They make some information available in table form
through their website. They also offer online research services (for a fee),
and access to their online database (requires a subscription). Most of the
information available through OGJ is also available from the original data
sources, but the information may not be readily available online.
Organization of
Petroleum Exporting Countries — OPEC produces an annual
statistical report on the production, reserves, exports, and refining capacity
of its member countries. The report can be downloaded as a pdf from the OPEC
website.
Rigzone — Rigzone compiles offshore rig
activity, day rates, utilization, and availability. Many of these statistics
are available through their website.
United Nations Statistics
Division — The U.N.
collects energy statistics from 190 countries and makes data available back to
1950. Because of the complexity of collecting individual country data, the most
recent year available tends to be 3-4 years old (e.g., in April 2003, the most
recent year available was 1999).
US Bureau of Census
— Every 5 years, the US
Census Bureau conducts an economic census of specific US industry categories.
The latest survey covers the year 1997. Data include number of employees,
number of companies by size, capital expenditures, fuel consumption, and
numerous indicators of economc value. The reports can be downloaded as pdf
files.
US Department of Energy,
Energy Information Administration — EIA is the statistical
department of the US Department of Energy. They compile a wide range of
statistics on all energy sources within the US — oil, natural gas, coal,
electric power, and renewable energy. EIA also compiles reports on
international energy statistics. EIA also produces special analyses of energy
issues. Most EIA reports are available for download as pdf files, and sometimes
as spreadsheets, from their website. EIA is a good place to begin for most
types of statistics.
US Department
of Interior, Minerals Management Service — As the government agency
responsible for the Gulf of Mexico (and other US offshore regions), MMS is a
primary source of information on offshore leases, platforms, production, and
revenues. MMS also maintains statistics or fact sheets on other issues such as
oil spills, safety, and wells drilled. Most material is available for download
as a pdf or an Excel spreadsheet from the MMS website.
US
Department of Labor, Bureau of Labor Statistics — BLS estimates employment and
earnings for various occupations within the US oil and gas industry. The link
is to the latest available data, for 2001.
World Oil
— World Oil is
one of the only sources of data on the number of wells drilled by country. This
information is published as part of their Outlook issue early in the year and
is not available online.
Sources for Daily Oil and Gas Prices
Bloomberg.com
CNN/Money - Commodity
Prices
NYMEX
Sources by Data Type
Again, this list is not intended to be comprehensive, but to point you in the right direction.
- Active rigs - Baker Hughes
- Wells drilled and depth- API, World Oil
- Cost of wells - API/Joint Association Survey
- Active wells - OGJ, IPAA, IOGCC
- Oil and gas reserves - OGJ, EIA
- Oil production - EIA, IEA, OGJ
- Gas production - EIA, OGJ
- Demand/consumption - EIA, IEA, BP
- Stocks/inventory - EIA, IEA, API, BP
- Imports/exports/crude movements - EIA, IEA, API
- Energy demand - BP, EIA
- Oil prices - EIA, NYMEX
