2017 Economic Calendar
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Baker-Hughes Rig Count  
Released On 3/31/2017 1:00:00 PM For wk3/31, 2017
PriorActual
N. Amer. Rig Count994 979 
U.S.809 824 
Gulf of Mexico18 22 
Canada185 155 

Highlights
The Baker Hughes North American rig count is down 15 in the March 31 week to 979. The U.S. rig count is up 15 to 824, and is up 374 rigs from last year. The Canadian count is down 30 rigs from last week to 155, but compared to last year is up 106.

For the U.S. count, rigs classified as drilling for oil are up 10 to 662, gas rigs are up 5 to 160 and miscellaneous rigs are unchanged at 2. For the Canadian count, oil rigs are down 15 to 55, gas rigs are down 14 to 100 and miscellaneous rigs are down 1 to 0.

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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