Baker Hughes United States Oil Rig Count

Country:
United States
USD, US dollar
Source:
Sector:
Business
Medium 510
504
Last release Importance Actual Forecast
Previous
510
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
15 Mar 2024
510
504
8 Mar 2024
504
506
1 Mar 2024
506
503
23 Feb 2024
503
497
16 Feb 2024
497
499
9 Feb 2024
499
499
2 Feb 2024
499
499
26 Jan 2024
499
497
19 Jan 2024
497
499
12 Jan 2024
499
501
5 Jan 2024
501
500
29 Dec 2023
500
498
22 Dec 2023
498
501
15 Dec 2023
501
503
8 Dec 2023
503
5
1 Dec 2023
5
500
22 Nov 2023
500
500
17 Nov 2023
500
494
9 Nov 2023
494
496
3 Nov 2023
496
504
27 Oct 2023
504
502
20 Oct 2023
502
501
13 Oct 2023
501
497
6 Oct 2023
497
502
29 Sep 2023
502
507
22 Sep 2023
507
515
15 Sep 2023
515
513
8 Sep 2023
513
512
1 Sep 2023
512
512
25 Aug 2023
512
520
18 Aug 2023
520
525
11 Aug 2023
525
525
4 Aug 2023
525
529
28 Jul 2023
529
530
21 Jul 2023
530
537
14 Jul 2023
537
540
7 Jul 2023
540
545
30 Jun 2023
545
546
23 Jun 2023
546
552
16 Jun 2023
552
556
9 Jun 2023
556
555
2 Jun 2023
555
570
26 May 2023
570
575
19 May 2023
575
586
12 May 2023
586
588
5 May 2023
588
591
28 Apr 2023
591
591
21 Apr 2023
591
588
14 Apr 2023
588
590
6 Apr 2023
590
592

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