2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 3/9/2018 1:00:00 PM For wk3/9, 2018
PriorActual
N. Amer. Rig Count1283 1257 
U.S.981 984 
Gulf of Mexico14 13 
Canada302 273 

Highlights
The Baker Hughes North American rig count is down 26 rigs in the March 9 week to 1,257. The U.S. rig count is up 3 rigs from last week to 984 and is up 216 rigs from last year at this time. The Canadian count is down 29 rigs from last week at 273 and is down 42 rigs compared to last year.

For the U.S. count, rigs classified as drilling for oil are down 4 at 796 but gas rigs are up 7 at 188. For the Canadian count, oil rigs are down 15 at 196 and gas rigs are down 14 at 77.

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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