2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 7/27/2018 1:00:00 PM For wk7/27, 2018
N. Amer. Rig Count1257 1271 
U.S.1046 1048 
Gulf of Mexico17 15 
Canada211 223 

The Baker Hughes North American rig count is up 14 rigs in the July 27 week to 1,271. The U.S. rig count is up 2 rigs from last week to 1,048 and is up 90 rigs from last year in the comparable week. The Canadian count is up 12 rigs from last week to 223 and compared to last year is up 3 rigs.

For the U.S. count, rigs classified as drilling for oil are up 3 at 861, gas rigs are down 1 at 186 and miscellaneous rigs remain unchanged at 1. For the Canadian count, oil rigs are up 12 at 154 and gas rigs remain unchanged at 69.

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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