2017 Economic Calendar
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Baker-Hughes Rig Count  
Released On 9/15/2017 1:00:00 PM For wk9/15, 2017
N. Amer. Rig Count1146 1148 
U.S.944 936 
Gulf of Mexico16 17 
Canada202 212 

The Baker Hughes North American rig count is up 2 rigs in the September 15 week at 1,148, as a Hurricane Harvey related decline in the number of rigs in the U.S., mostly in Texas and Louisiana, was more than offset by an increase in Canada. The U.S. rig count is down 8 rigs on the week at 936 but is up 430 rigs from last year at this time. The Canadian count is up 10 rigs at 212 and is up 80 rigs from last year.

For the U.S. count, rigs classified as drilling for oil are down 7 rigs at 756 while gas rigs are down 1 rig at 186. For the Canadian count, oil rigs are up 10 rigs at 102 and gas rigs remain unchanged at 100.

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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