2017 Economic Calendar
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Baker-Hughes Rig Count  
Released On 12/22/2017 1:00:00 PM For wk12/22, 2017
N. Amer. Rig Count1168 1141 
U.S.930 931 
Gulf of Mexico19 19 
Canada238 210 

The Baker Hughes North American rig count is down 27 rigs in the December 22 week to 1,141, plunging as a large decline for Canada masked a minimal increase in the U.S., more than reversing last week's surge higher that was also driven by the volatile Canadian count. The U.S. rig count is up 1 rig from last week to 931 and is up 278 rigs from last year at this time. The Canadian count is down 28 rigs from last week to 210 and is down 14 rigs compared to last year.

For the U.S. count, rigs classified as drilling for oil remained unchanged at 747 and gas rigs are up 1 at 184. For the Canadian count, oil rigs are down 14 to 120 and gas rigs are also down 14 to 90.

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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