Baker Hughes United States Oil Rig Count

Country:
United States
USD, US dollar
Source:
Sector:
Business
Medium 627
627
Last release Importance Actual Forecast
Previous
627
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
2 Dec 2022
627
627
23 Nov 2022
627
623
18 Nov 2022
623
622
11 Nov 2022
622
613
4 Nov 2022
613
610
28 Oct 2022
610
612
21 Oct 2022
612
610
14 Oct 2022
610
602
7 Oct 2022
602
604
30 Sep 2022
604
602
23 Sep 2022
602
599
16 Sep 2022
599
591
9 Sep 2022
591
596
2 Sep 2022
596
605
26 Aug 2022
605
601
19 Aug 2022
601
601
12 Aug 2022
601
598
5 Aug 2022
598
605
29 Jul 2022
605
599
22 Jul 2022
599
599
15 Jul 2022
599
597
8 Jul 2022
597
595
1 Jul 2022
595
594
24 Jun 2022
594
584
17 Jun 2022
584
580
10 Jun 2022
580
574
3 Jun 2022
574
574
27 May 2022
574
576
20 May 2022
576
563
13 May 2022
563
557
6 May 2022
557
552
29 Apr 2022
552
549
22 Apr 2022
549
548
14 Apr 2022
548
546
8 Apr 2022
546
533
1 Apr 2022
533
531
25 Mar 2022
531
524
18 Mar 2022
524
527
11 Mar 2022
527
519
4 Mar 2022
519
522
25 Feb 2022
522
520
18 Feb 2022
520
516
11 Feb 2022
516
497
4 Feb 2022
497
495
28 Jan 2022
495
491
21 Jan 2022
491
492
14 Jan 2022
492
481
7 Jan 2022
481
480
30 Dec 2021
480
480
23 Dec 2021
480
475

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