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

Baker-Hughes Rig Count  
Released On 10/12/2018 1:00:00 PM For wk10/12, 2018
PriorActual
N. Amer. Rig Count1234 1258 
U.S.1052 1063 
Gulf of Mexico22 22 
Canada182 195 

Highlights
The Baker Hughes North American rig count is up 24 rigs in the October 12 week to 1,258. The U.S. rig count is up 11 rigs to 1,063 and is up 135 rigs from last year at this time. The Canadian count is up 13 rigs from last week to 195 but, compared to last year, is down 17 rigs.

For the U.S. count, rigs classified as drilling for oil are up 8 at 869, gas rigs are up 4 at 193 and miscellaneous rigs are down 1 at 1. For the Canadian count, oil rigs are up 8 at 127 and gas rigs are up 5 at 68.

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]