Baker Hughes United States Oil Rig Count

Country:
United States
USD, US dollar
Source:
Sector:
Business
Medium 674
684
Last release Importance Actual Forecast
Previous
674
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 Nov 2019
674
684
8 Nov 2019
684
691
1 Nov 2019
691
696
25 Oct 2019
696
713
18 Oct 2019
713
712
11 Oct 2019
712
710
4 Oct 2019
710
713
27 Sep 2019
713
719
20 Sep 2019
719
733
13 Sep 2019
733
738
6 Sep 2019
738
742
30 Aug 2019
742
754
23 Aug 2019
754
770
16 Aug 2019
770
764
9 Aug 2019
764
770
2 Aug 2019
770
776
26 Jul 2019
776
779
19 Jul 2019
779
784
12 Jul 2019
784
788
3 Jul 2019
788
793
28 Jun 2019
793
789
21 Jun 2019
789
788
14 Jun 2019
788
789
7 Jun 2019
789
800
31 May 2019
800
797
24 May 2019
797
802
17 May 2019
802
805
10 May 2019
805
807
3 May 2019
807
805
26 Apr 2019
805
825
18 Apr 2019
825
833
12 Apr 2019
833
831
5 Apr 2019
831
816
29 Mar 2019
816
824
22 Mar 2019
824
833
15 Mar 2019
833
834
8 Mar 2019
834
843
1 Mar 2019
843
853
22 Feb 2019
853
857
15 Feb 2019
857
854
8 Feb 2019
854
847
1 Feb 2019
847
862
25 Jan 2019
862
852
18 Jan 2019
852
873
11 Jan 2019
873
877
4 Jan 2019
877
885
28 Dec 2018
885
883
21 Dec 2018
883
873
14 Dec 2018
873
877
7 Dec 2018
877
887

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