2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 6/22/2018 1:00:00 PM For wk6/22, 2018
PriorActual
N. Amer. Rig Count1198 1212 
U.S.1059 1052 
Gulf of Mexico19 18 
Canada139 160 

Highlights
The Baker Hughes North American rig count is up 14 in the June 22 week to 1,212. The U.S. rig count is down 7 to 1,059 and is up 111 rigs from last year. The Canadian count is up 21 rigs from last week to 160 but, compared to last year, is down 10.

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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