2017 Economic Calendar
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Baker-Hughes Rig Count  
Released On 2/10/2017 1:00:00 PM For wk2/10, 2017
N. Amer. Rig Count1072 1093 
U.S.729 741 
Gulf of Mexico21 20 
Canada343 352 

The Baker Hughes North American rig count is up 21 in the February 10 week to 1,093. The U.S. rig count is up 12 to 741 and is up 200 rigs from last year. The Canadian count is up 9 from last week to 352, and compared to last year is up 130.

For the U.S. count, rigs classified as drilling for oil are up 8 to 591, gas rigs are up 4 to 149 and miscellaneous rigs are unchanged at 1. Canadian oil rigs are up 10 to 207, but gas rigs are down 1 to 145.

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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