2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Baker-Hughes Rig Count  
Released On 3/2/2018 1:00:00 PM For wk3/2, 2018
N. Amer. Rig Count1284 1283 
U.S.978 981 
Gulf of Mexico17 14 
Canada306 302 

The Baker Hughes North American rig count is down 1 rig in the March 2 week to 1,283. The U.S. rig count is up 3 rigs from last week at 981 and is up 225 rigs from last year at this time. The Canadian count is down 4 rigs from last week at 302 and is down 33 rigs compared to last year.

For the U.S. count, rigs classified as drilling for oil are up 1 at 800 and gas rigs are up 2 at 181. For the Canadian count, oil rigs are up 2 at 211 but gas rigs are down 6 at 91.

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

powered by  [Econoday]