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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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Status

 
Latest Release
Apr 12, 2024
Actual
506
Previous
508
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
Apr 26, 2024 13:00      
Apr 19, 2024 13:00     506
Apr 12, 2024 13:00 506   508
Apr 05, 2024 13:00 508   506
Mar 28, 2024 13:00 506   509
Mar 22, 2024 13:00 509   510

News

Energy & precious metals - weekly review and outlook 
Energy & precious metals - weekly review and outlook  By Investing.com - Sep 10, 2023 22

Investing.com -- The news came as quietly as it could on a Friday afternoon and passed without any discernible impact. And understandably too: The U.S. oil rig count went up by one last week, after a...

Oil: U.S. stocks down 6M barrels, output at new 3-year high
Oil: U.S. stocks down 6M barrels, output at new 3-year high By Investing.com - Aug 23, 2023 7

Investing.com -- U.S. crude stocks fell by just over six million barrels last week, more than double the level forecast. But output of oil in the largest producing country hit new three-year highs, a...

Analysis

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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