Baker Hughes United States Oil Rig Count

Country:
United States
USD, US dollar
Source:
Sector:
Business
Medium 443
445
Last release Importance Actual Forecast
Previous
443
Next release Actual Forecast
Previous
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Baker Hughes US Oil Rig Count shows the number of active oil rigs operating in North America. The index is released weekly, on Fridays.

Baker Hughes has been counting oil rigs since 1944. Statistical data compiled consistently for 70 years are useful both in the current assessment of the industry state and in general historical analysis. Rig Counts are published by the major economic media and industry publications, and are included in many statistical reports.

The index is considered an important indicator of the oil and gas industry activity. When drilling rigs are active, they consume products and services provided by the oil service industry. The Baker Hughes Rig Count is a leading indicator of oil consumption and demand. Estimated supply and demand values in the energy sector, as well as oil price level on both local and global scales are based on this indicator.

The active drilling rig count can be reduced for economic reasons (rigs can be stopped to recover crude prices) and due to technical factors (equipment failure, weather conditions, etc.).

Generally, a rise in the active drilling rig count leads to an increase in oil production. In turn, the growth of supply in the oil markets pushes oil prices downwards. Conversely, a decrease in the number of active drilling rigs is favorable for the oil price.

Last values:

actual data

The chart of the entire available history of the "Baker Hughes United States Oil Rig Count" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
22 Oct 2021
443
445
15 Oct 2021
445
433
8 Oct 2021
433
428
1 Oct 2021
428
421
24 Sep 2021
421
411
17 Sep 2021
411
401
10 Sep 2021
401
394
3 Sep 2021
394
410
27 Aug 2021
410
405
20 Aug 2021
405
397
13 Aug 2021
397
387
6 Aug 2021
387
385
30 Jul 2021
385
387
23 Jul 2021
387
380
16 Jul 2021
380
378
9 Jul 2021
378
376
2 Jul 2021
376
372
25 Jun 2021
372
373
18 Jun 2021
373
17 Jun 2021
N/D
365
11 Jun 2021
365
359
4 Jun 2021
359
359
28 May 2021
359
356
21 May 2021
356
352
14 May 2021
352
344
7 May 2021
344
342
30 Apr 2021
342
343
23 Apr 2021
343
344
16 Apr 2021
344
337
9 Apr 2021
337
337
1 Apr 2021
337
324
26 Mar 2021
324
318
19 Mar 2021
318
309
12 Mar 2021
309
310
5 Mar 2021
310
309
26 Feb 2021
309
305
19 Feb 2021
305
306
12 Feb 2021
306
299
5 Feb 2021
299
295
29 Jan 2021
295
289
22 Jan 2021
289
287
15 Jan 2021
287
275
8 Jan 2021
275
267
30 Dec 2020
267
264
23 Dec 2020
264
263
18 Dec 2020
263
258
11 Dec 2020
258
246
4 Dec 2020
246
241
25 Nov 2020
241
231
20 Nov 2020
231
236

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