2017 Economic Calendar
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Baker-Hughes Rig Count  
Released On 4/7/2017 1:00:00 PM For wk4/7, 2017
PriorActual
N. Amer. Rig Count979 971 
U.S.824 839 
Gulf of Mexico22 22 
Canada155 132 

Highlights
The Baker Hughes North American rig count is down 8 in the April 7 week to 971. The U.S. rig count is up 15 to 839 and is up 396 rigs from last year. The Canadian count is down 23 rigs from last week to 132, but compared to last year is up 91.

For the U.S. count, rigs classified as drilling for oil are up 10 to 672, gas rigs are up 5 to 165 and miscellaneous rigs are unchanged at 2. For the Canadian count, oil rigs are down 13 to 42 and gas rigs down 10 to 90.

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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