Baker Hughes United States Oil Rig Count

Country:
United States
USD, US dollar
Source:
Sector:
Business
Medium 222
237
Last release Importance Actual Forecast
Previous
222
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
29 May 2020
222
237
22 May 2020
237
258
15 May 2020
258
292
8 May 2020
292
325
1 May 2020
325
378
24 Apr 2020
378
438
17 Apr 2020
438
504
9 Apr 2020
504
562
3 Apr 2020
562
624
27 Mar 2020
624
664
20 Mar 2020
664
683
13 Mar 2020
683
682
6 Mar 2020
682
678
28 Feb 2020
678
679
21 Feb 2020
679
678
14 Feb 2020
678
676
7 Feb 2020
676
675
31 Jan 2020
675
676
24 Jan 2020
676
673
17 Jan 2020
673
659
10 Jan 2020
659
670
3 Jan 2020
670
677
27 Dec 2019
677
685
20 Dec 2019
685
667
13 Dec 2019
667
663
6 Dec 2019
663
668
27 Nov 2019
668
671
22 Nov 2019
671
674
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

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