2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 7/6/2018 1:00:00 PM For wk7/6, 2018
PriorActual
N. Amer. Rig Count1219 1234 
U.S.1047 1052 
Gulf of Mexico18 18 
Canada172 182 

Highlights
The Baker Hughes North American rig count is up 15 rigs in the July 6 week to 1,234. The U.S. rig count is up 5 rigs from last week to 1,052 and is up 100 rigs from last year in the comparable week. The Canadian count is up 10 rigs from last week to 182 and, compared to last year, is up 7.

For the U.S. count, rigs classified as drilling for oil are up 5 at 863, gas rigs are unchanged at 187 and miscellaneous rigs also remain unchanged at 2. For the Canadian count, oil rigs are up 9 at 126 and gas rigs are up 1 at 56.

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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