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Baker Hughes United States Oil Rig Count

Country:
United States
USD, US dollar
Source:
Sector:
Business
Medium 863
863
Last release Importance Actual Forecast
Previous
863
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
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
22 Dec 2017
747
747
15 Dec 2017
747
751
8 Dec 2017
751
749
1 Dec 2017
749
747
22 Nov 2017
747
738
17 Nov 2017
738
738
10 Nov 2017
738
729
3 Nov 2017
729
737
27 Oct 2017
737
736
20 Oct 2017
736
743
13 Oct 2017
743
748
6 Oct 2017
748
750
29 Sep 2017
750
744
22 Sep 2017
744
749
15 Sep 2017
749
756
8 Sep 2017
756
759
1 Sep 2017
759
759
25 Aug 2017
759
763
18 Aug 2017
763
768
11 Aug 2017
768
765
4 Aug 2017
765
766

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