2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 5/18/2018 1:00:00 PM For wk5/18, 2018
PriorActual
N. Amer. Rig Count1124 1129 
U.S.1045 1046 
Gulf of Mexico20 18 
Canada79 83 

Highlights
The Baker Hughes North American rig count is up 5 rigs in the May 18 week to 1,129. The U.S. rig count is up 1 rig from last week to 1,046 and is up 145 rigs from last year at this time. The Canadian count is up 4 rigs from last week to 83 and is down 2 rigs compared to last year.

For the U.S. count, rigs classified as drilling for oil remain unchanged at 844, gas rigs are up 1 at 200, and miscellaneous rigs are unchanged at 2. For the Canadian count, rigs classified as drilling for oil are up 6 at 38 and gas rigs are down 2 at 45.

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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