2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 4/27/2018 1:00:00 PM For wk4/27, 2018
PriorActual
N. Amer. Rig Count1106 1106 
U.S.1013 1021 
Gulf of Mexico18 18 
Canada93 85 

Highlights
The Baker Hughes North American rig count remains unchanged in the April 27 week at 1,106, as the continuing seasonal "spring thaw" decline in the Canadian count, when muddy terrain makes moving drilling equipment difficult and environmentally prohibitive, once again masked a U.S. increase. The U.S. rig count is up 8 rigs from last week to 1,021 and is up 151 rigs from last year at this time. The Canadian count is down 8 rigs from last week to 85 and is unchanged compared to last year.

For the U.S. count, rigs classified as drilling for oil are up 5 at 825, gas rigs are up 3 at 195, and miscellaneous rigs remain unchanged at 1. For the Canadian count, oil rigs are down 5 at 33 and gas rigs are down 3 at 52.

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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