2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 8/17/2018 1:00:00 PM For wk8/17, 2018
PriorActual
N. Amer. Rig Count1266 1269 
U.S.1057 1057 
Gulf of Mexico18 19 
Canada209 212 

Highlights
The Baker Hughes North American rig count is up 3 rigs in the August 17 week to 1,269. The U.S. rig count remains unchanged from last week at 1,057 and is up 111 rigs from last year at this time. The Canadian count is up 3 rigs from last week to 212 and compared to last year is down 2 rigs.

For the U.S. count, rigs classified as drilling for oil remain unchanged at 869, gas rigs are unchanged at 186, and miscellaneous rigs are unchanged at 2. For the Canadian count, oil rigs are up 1 at 141 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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