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Baker-Hughes Rig Count  
Released On 1/13/2017 1:00:00 PM For wk1/13, 2017
PriorActual
N. Amer. Rig Count870 974 
U.S.665 659 
Gulf of Mexico23 24 
Canada205 315 

Highlights
The Baker Hughes North American rig count is up 104 in the January 13 week to 974. The U.S. rig count is down 6 to 659 but is up 9 rigs from last year. The Canadian rig count is up 110 from last week to 315, and compared to last year is up 88.

For the U.S. count, rigs classified as drilling for oil are down 7 to 522, gas rigs are up 1 to 136, and miscellaneous rigs are unchanged at 1. Canadian oil rigs are up 89 to 170, gas rigs are up 21 to 144 and miscellaneous rigs are unchanged at 1.

Definition
The Baker Hughes North American rig count tracks weekly changes in the number of active operating oil & gas rigs. Used for drilling wellbores for wells that may eventually produce oil or gas, active rigs are essential for the exploration and development of oil and gas fields. Rigs that are not active are not counted. Components in the data are the United States and Canada with a separate count for the Gulf of Mexico (which is a subset of the U.S. total). The count includes only rigs that are significant users of oilfield services and supplies.  Why Investors Care
 

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