2018 Economic Calendar
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Baker-Hughes Rig Count  
Released On 10/5/2018 1:00:00 PM For wk10/5, 2018
PriorActual
N. Amer. Rig Count1232 1234 
U.S.1054 1052 
Gulf of Mexico18 22 
Canada178 182 

Highlights
The Baker Hughes North American rig count is up 2 rigs in the October 5 week to 1,234. The U.S. rig count is down 2 rigs to 1,052 but is up 116 rigs from last year at this time. The Canadian count is up 4 rigs from last week to 182 but, compared to last year, is down 27 rigs.

For the U.S. count, rigs classified as drilling for oil are down 2 at 861, gas rigs remain unchanged at 189 and miscellaneous rigs are unchanged at 2. For the Canadian count, oil rigs are down 3 at 119 but gas rigs are up 7 at 63.

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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