2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 7/13/2018 1:00:00 PM For wk7/13, 2018
PriorActual
N. Amer. Rig Count1234 1251 
U.S.1052 1054 
Gulf of Mexico18 19 
Canada182 197 

Highlights
The Baker Hughes North American rig count is up 17 rigs in the July 13 week to 1,251. The U.S. rig count is up 2 rigs from last week to 1,054 and is up 102 rigs from last year in the comparable week. The Canadian count is up 15 rigs from last week to 197 and compared to last year is up 6 rigs.

For the U.S. count, rigs classified as drilling for oil remain unchanged at 863, gas rigs are up 2 at 189 and miscellaneous rigs remain unchanged at 2. For the Canadian count, oil rigs are up 13 at 139 and gas rigs are up 2 at 58.

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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