2017 Economic Calendar
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Baker-Hughes Rig Count  
Released On 3/10/2017 1:00:00 PM For wk3/10, 2017
PriorActual
N. Amer. Rig Count1091 1083 
U.S.756 768 
Gulf of Mexico18 20 
Canada335 315 

Highlights
The Baker Hughes North American rig count is down 8 in the March 10 week to 1,083. The U.S. rig count is up 12 to 768 and is up 288 rigs from last year. The Canadian count is down 20 from last week to 315, but compared to last year is up 217.

For the U.S. count, rigs classified as drilling for oil are up 8 from last week to 617, gas rigs are up 5 to 151 and miscellaneous rigs are down 1 at 0. Canadian oil rigs are down 17 to 180 and gas rigs are down 3 to 135.

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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