2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 3/29/2018 1:00:00 PM For wk3/30, 2018
PriorActual
N. Amer. Rig Count1156 1127 
U.S.995 993 
Gulf of Mexico13 12 
Canada161 134 

Highlights
The Baker Hughes North American rig count is down 29 rigs in the week to 1,127. The U.S. rig count is down 2 rigs from last week to 993 and is up 169 rigs from last year at this time. The Canadian count, which is subject to weather-related seasonality at this time of year, is down 27 rigs from last week to 134 and is down 21 rigs compared to last year.

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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