2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 8/3/2018 1:00:00 PM For wk8/3, 2018
PriorActual
N. Amer. Rig Count1271 1267 
U.S.1048 1044 
Gulf of Mexico15 16 
Canada223 223 

Highlights
The Baker Hughes North American rig count is down 4 rigs in the August 3 week to 1,267. The U.S. rig count is down 4 rigs from last week to 1,044 and is up 90 rigs from last year at this time. The Canadian count remains unchanged from last week at 223 rigs and compared to last year is up 6 rigs.

For the U.S. count, rigs classified as drilling for oil are down 2 at 859, gas rigs are down 3 at 183 and miscellaneous rigs are up 1 at 2. For the Canadian count, oil rigs are down 2 at 152 and gas rigs are up 2 at 71.

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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