2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 2/16/2018 1:00:00 PM For wk2/16, 2018
N. Amer. Rig Count1300 1293 
U.S.975 975 
Gulf of Mexico16 18 
Canada325 318 

The Baker Hughes North American rig count is down 7 rigs in the February 16 week to 1,293. The U.S. rig count is unchanged from last week at 975 and is up 224 rigs from last year at this time. The Canadian count is down 7 rigs from last week to 318 and is down 13 rigs compared to last year.

For the U.S. count, rigs classified as drilling for oil are up 7 at 798 but gas rigs are down 7 at 177. For the Canadian Count, oil rigs are down 3 at 218 and gas rigs are down 4 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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