2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Baker-Hughes Rig Count  
Released On 7/20/2018 1:00:00 PM For wk7/20, 2018
PriorActual
N. Amer. Rig Count1251 1257 
U.S.1054 1046 
Gulf of Mexico19 17 
Canada197 211 

Highlights
The Baker Hughes North American rig count is up 6 rigs in the July 20 week to 1,257. The U.S. rig count is down 8 rigs from last week to 1,046 and is up 96 rigs from last year in the comparable week. The Canadian count is up 14 rigs from last week to 211 and compared to last year is up 5 rigs.

For the U.S. count, rigs classified as drilling for oil are down 5 at 858, gas rigs are down 2 at 187 and miscellaneous rigs are down 1 at 1. For the Canadian count, oil rigs are up 3 at 142 and gas rigs are up 11 at 69.

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
 

powered by  [Econoday]