2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 9/14/2018 1:00:00 PM For wk9/14, 2018
PriorActual
N. Amer. Rig Count1252 1281 
U.S.1048 1055 
Gulf of Mexico17 18 
Canada204 226 

Highlights
The Baker Hughes North American rig count is up 29 rigs in the September 14 week to 1,281. The U.S. rig count is up 7 from last week to 1,055 and is up 119 rigs from last year at this time. The Canadian count is up 22 rigs from last week to 226 and compared to last year is up 14 rigs.

For the U.S. count, rigs classified as drilling for oil are up 7 at 867, gas rigs remain unchanged at 186 and miscellaneous rigs are unchanged at 2. For the Canadian count, oil rigs are up 15 at 148 and gas rigs are up 7 at 78.

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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