Rig Count Charts- Commodities Chart
Baker Hughes Rig Count Total
Baker Hughes Rig Count Oil
Frequently Asked Questions
Here are some of the most common questions we get about the Baker Hughes Rig Count.
Baker Hughes rig count release time?
Baker Hughes has been providing the rotary rig count as a service to the petroleum industry since 1944, when the Baker Hughes Tool Company began its weekly tracking of drilling activity in the United States and Canada. In 1975, the company introduced the monthly international rig count, covering regions such as the Middle East, Africa, Asia-Pacific, and Europe.
The North American rig count is published weekly at noon Central Time on the final business day of the week. Beginning in February 2020, the international rig count has been released on the last working day of the first week of each month.
What is the historical chart of Baker Hughes drill rig count?
The historical chart provides over 30 years of drilling activity data, broken down into oil rigs and natural gas rigs. It tracks rig counts across six key regions: North America, Latin America, Europe, Africa, Middle East, and Asia-Pacific. This long-term dataset is widely used to analyze market trends, forecast equipment and service demand, and study historical cycles in the oil and gas industry.
What does the increase in the number of Baker Hughes rigs mean?
An increase in the Baker Hughes rig count generally signals rising drilling activity, often lagging behind an increase in oil demand. As more rigs become active, oil and gas production capacity typically grows, which can lead to higher supply and potentially influence prices in the global energy market.
What is a rig count?
The Baker Hughes Rig Count is a key business barometer for the drilling industry and its suppliers. When drilling rigs are active, they consume a wide range of products and services provided by the oilfield services sector. As such, the active rig count serves as a leading indicator of demand for equipment, materials, and services used in drilling, well completion, production, and hydrocarbon processing.
Published in major newspapers and trade journals, the Baker Hughes Rig Count is frequently cited by journalists, economists, market analysts, and government officials, and is featured in numerous industry statistical reports. With over 70 years of consistent data collection, it also provides a valuable historical record for analyzing long-term trends in the energy sector.