2017 Economic Calendar
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Baker-Hughes Rig Count  
Released On 1/20/2017 1:00:00 PM For wk1/20, 2017
N. Amer. Rig Count974 1036 
U.S.659 694 
Gulf of Mexico24 23 
Canada315 342 

The Baker Hughes North American rig count is up 62 in the January 20 week to 1,036. The U.S. rig count is up 35 to 694 and is up 57 rigs from last year. The Canadian rig count is up 27 from last week to 342, and compared to last year is up 92.

For the U.S. count, rigs classified as drilling for oil are up 29 to 551, gas rigs are up 6 to 142 and miscellaneous rigs are unchanged at 1. Canadian oil rigs are up 23 to 193, gas rigs are up 5 to 149 and miscellaneous rigs are down 1 to 0.

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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