2017 Economic Calendar
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Baker-Hughes Rig Count  
Released On 3/24/2017 1:00:00 PM For wk3/24, 2017
N. Amer. Rig Count1065 994 
U.S.789 809 
Gulf of Mexico19 18 
Canada276 185 

The Baker Hughes North American rig count is down 71 in the March 24 week to 994. The U.S. rig count is up 20 to 809 and is up 345 rigs from last year. The Canadian count is down 91 rigs from last week to 185, but compared to last year is up 130.

For the U.S. count, rigs classified as drilling for oil are up 21 to 652, gas rigs are down 2 to 155 and miscellaneous rigs are up 1 to 2. For the Canadian count, oil rigs are down 79 to 70, gas rigs down 11 to 114 and miscellaneous rigs down 1 to 1.

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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