Baker Hughes United States Oil Rig Count

Country:
United States
USD, US dollar
Source:
Sector:
Business
Medium 877
887
Last release Importance Actual Forecast
Previous
877
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
7 Dec 2018
877
887
30 Nov 2018
887
885
21 Nov 2018
885
888
16 Nov 2018
888
886
9 Nov 2018
886
874
2 Nov 2018
874
875
26 Oct 2018
875
873
19 Oct 2018
873
869
12 Oct 2018
869
861
5 Oct 2018
861
863
28 Sep 2018
863
866
21 Sep 2018
866
867
14 Sep 2018
867
860
7 Sep 2018
860
862
31 Aug 2018
862
860
24 Aug 2018
860
869
17 Aug 2018
869
869
10 Aug 2018
869
859
3 Aug 2018
859
861
27 Jul 2018
861
858
20 Jul 2018
858
863
13 Jul 2018
863
863
6 Jul 2018
863
858
29 Jun 2018
858
862
22 Jun 2018
862
863
15 Jun 2018
863
862
8 Jun 2018
862
861
1 Jun 2018
861
859
25 May 2018
859
844
18 May 2018
844
844
11 May 2018
844
834
4 May 2018
834
825
27 Apr 2018
825
820
20 Apr 2018
820
815
13 Apr 2018
815
808
6 Apr 2018
808
797
29 Mar 2018
797
804
23 Mar 2018
804
800
16 Mar 2018
800
796
9 Mar 2018
796
800
2 Mar 2018
800
799
23 Feb 2018
799
798
16 Feb 2018
798
791
9 Feb 2018
791
765
2 Feb 2018
765
759
26 Jan 2018
759
747
19 Jan 2018
747
752
12 Jan 2018
752
742
5 Jan 2018
742
747
29 Dec 2017
747
747

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