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U.S. Baker Hughes Oil Rig Count

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U.S. Baker Hughes Oil Rig Count

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Delivery Method

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Status

 
Latest Release
Jan 27, 2023
Actual
609
Previous
613
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
Importance:
Country:
Currency: USD
Source: Baker Hughes
U.S. Baker Hughes Oil Rig Count
 
Release Date Time Actual Forecast Previous
Feb 03, 2023 13:00     609
Jan 27, 2023 13:00 609   613
Jan 20, 2023 13:00 613   623
Jan 13, 2023 13:00 623   618
Jan 06, 2023 13:00 618   621
Dec 30, 2022 13:00 621   622

News

Crude oil edges higher; on course for large weekly gains
Crude oil edges higher; on course for large weekly gains By Investing.com - Jan 13, 2023 7

By Peter Nurse  Investing.com -- Oil prices edged higher Friday, on track for solid weekly gains, as slowing U.S. inflation and China's reopening raised optimism of stronger global economic growth,...

Analysis

Andrey Goilov
Crude Oil Tries To Correct By Andrey Goilov - Oct 31, 2022

The commodity market is beginning the week with a decline: the news is disturbing nervous investors again. Brent is returning to 94.70 USD per barrel. A couple of days ago, it was heard about new...

Andrey Goilov
Crude Oil Retreats From Highs By Andrey Goilov - Oct 10, 2022 2

On Monday, Oct. 10, the commodity market responded to the external background. Brent fell towards $96.95. In the meantime, the oil sector offers an ideal situation for bulls. On one hand, OPEC+ agreed...

U.S. Baker Hughes Oil Rig Count Discussion

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All Comments (28)
jonathon little
jonathon little Jun 27, 2020 10:00AM ET
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why is this count 188 and the baker huges website is 265 ????
Lyle Stavast
Lyle Stavast Jun 27, 2020 10:00AM ET
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they report on oil rigs vs gas rigs - the intended product the well is going after.  This count was for oil rigs.  Basically you have to have a drilling rig on site and turning a bit to get counted...  it's not light re-work rigs and the like, it's about new, cased holed work...
Krazi Henry
Krazi Henry Jun 12, 2020 8:13PM ET
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"The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products." This description is grossly misleading, the opposite is true. Oil rigs are for producing oil, it is an indicator of supply.
Wesley Holley
Wesley Holley Oct 11, 2019 4:24PM ET
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I've owned a domain name for many years that I was going to develop into an oil and gas portal and have decided to sell the domain RIGCOUNT.COM
Jay Khaye
Jay Khaye Jul 26, 2019 2:44PM ET
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Why do you people think drilling rigs in Texas, North Dakota, Colorado or else where would be shut down due to a tropical storm in the Gulf off Louisiana?
Jay Khaye
Jay Khaye Jul 26, 2019 2:40PM ET
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Oil rig count declining.  Production decline rates increasing, requiring more drilling to sustain production.  Operators under reporting active wells.  Initial production from wells flat or declining due to well interference.  But the Good Ol' Boys at EIA are saying production is increasing.  LMAO.
Do Deikins
DoRight Jul 26, 2019 2:40PM ET
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How can initial production be flat or declining?  That means production from a well is zero or negative? So that's where all that extra storage volume came from!  Whoop!
Kgr rigs
Kgr rigs Apr 05, 2019 6:17AM ET
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such an astonishing blog I ever come across. it is very useful, thanks for posting.. http://www.kgrrigs.com
Matt HH
Matt HH Jun 29, 2018 11:53AM ET
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where can i see the oil rig count?
Enrico Delfini
Enrico Delfini Jun 29, 2018 11:53AM ET
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Salman Khan
Salman Khan Apr 06, 2018 1:02PM ET
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cmon ***
Max Tor
Max Tor Jan 05, 2018 2:12PM ET
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how does this affect the dollar
환장법사 Jang
환장법사 Jang Nov 21, 2017 6:52PM ET
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This is a fake data.
Jay Khaye
Jay Khaye Nov 21, 2017 6:52PM ET
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Your likely right, its all fake.
 
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