2017 Economic Calendar
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Baker-Hughes Rig Count  
Released On 4/13/2017 1:00:00 PM For wk4/13, 2017
PriorActual
N. Amer. Rig Count971 965 
U.S.839 847 
Gulf of Mexico22 21 
Canada132 118 

Highlights
The Baker Hughes North American rig count is down 6 in the April 13 week to 965. The U.S. rig count is up 8 to 847 and is up 407 rigs from last year. The Canadian count is down 14 rigs from last week to 118, but compared to last year is up 78.

For the U.S. count, rigs classified as drilling for oil are up 11 to 683, gas rigs are down 3 to 162 and miscellaneous rigs are unchanged at 2. For the Canadian count, oil rigs are down 2 to 40 and gas rigs are down 12 to 78.

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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