2017 Economic Calendar
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Baker-Hughes Rig Count  
Released On 7/28/2017 1:00:00 PM For wk7/28, 2017
PriorActual
N. Amer. Rig Count1156 1178 
U.S.950 958 
Gulf of Mexico23 23 
Canada206 220 

Highlights
The Baker Hughes North American rig count is up 22 rigs in the July 28 week to 1,178, continuing its climb higher in a run that was up 12 of the last 13 weeks, with Canadian drillers dominating since the beginning of June as they resume full operation after their Spring Breakup hiatus. The U.S. count, returning to its upward trajectory after a rare decline in the prior week, was up 8 rigs to 958 and is up 495 rigs from last year at this time. The Canadian count was up 14 rigs to 220 and is up 101 rigs from last year.

For the U.S. count, rigs classified as drilling for oil are up 2 to 766 and gas rigs are up 6 to 192. For the Canadian count, oil rigs are up 11 to 129 and gas rigs are up 3 to 91.

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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