2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 6/8/2018 1:00:00 PM For wk6/8, 2018
PriorActual
N. Amer. Rig Count1159 1174 
U.S.1060 1062 
Gulf of Mexico18 19 
Canada99 112 

Highlights
The Baker Hughes North American rig count is up 15 rigs in the June 8 week to 1,174. The U.S. rig count is up 2 rigs from last week to 1,063 and is up 135 rigs from last year at this time. The Canadian count is up 13 rigs from last week to 112 but is down 20 rigs compared to last year.

For the U.S. count, rigs classified as drilling for oil are up 1 at 862, gas rigs are up 1 at 198 and miscellaneous rigs remain unchanged at 2. For the Canadian count, rigs classified as drilling for oil are up 13 at 69 and gas rigs are unchanged at 43.

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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