2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 2/23/2018 1:00:00 PM For wk2/23, 2018
PriorActual
N. Amer. Rig Count1293 1284 
U.S.975 978 
Gulf of Mexico18 17 
Canada318 306 

Highlights
The Baker Hughes North American rig count is down 9 rigs in the February 23 week to 1,284. The U.S. rig count is up 3 rigs from last week at 978 and is up 224 rigs from last year at this time. The Canadian count is down 12 rigs from last week at 306 and is down 35 rigs compared to last year.

For the U.S. count, rigs classified as drilling for oil are up 1 at 799 and gas rigs are up 2 at 179. For the Canadian count, oil rigs are down 9 at 209 and gas rigs are down 3 at 97.

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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