2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 6/29/2018 1:00:00 PM For wk6/29, 2018
PriorActual
N. Amer. Rig Count1212 1219 
U.S.1052 1047 
Gulf of Mexico18 18 
Canada160 172 

Highlights
The Baker Hughes North American rig count is up 7 rigs in the June 29 week to 1,219. The U.S. rig count is down 5 rigs from last week to 1,047 but is up 107 rigs from last year at this time. The Canadian count is up 12 rigs from last week to 172 but, compared to last year, is down 17.

For the U.S. count, rigs classified as drilling for oil are down 4 at 858, gas rigs are down 1 at 187 and miscellaneous rigs remain unchanged at 2. For the Canadian count, oil rigs are up 14 at 117 but gas rigs are down 2 at 55.

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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